Plan Snapshot
- Plan Sponsor: Planit Advertising, INC.
- Sponsor EIN: 521993314
- Sponsor Address: 1414 KEY HIGHWAY, SUITE 100, BALTIMORE, MD, 21230
- Plan Type: 401(k)
- Total Participants: 85
- Total Assets: $9.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 85 | $9.5M | $155,851 | $660,723 |
| 2023 | 87 | $7.4M | $136,275 | $557,631 |
| 2022 | 90 | $5.7M | $119,149 | $493,378 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | Recordkeeper | $48,038 | — | $48,038 |
| RETIREWELL ADMINISTRATORS, INC. | Other Service Provider | $7,942 | — | $7,942 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,980
- Estimated Expense Ratio: 0.588% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $55,980 | $55,980 | — | — | — |
| 2023 | $43,813 | $43,813 | — | — | — |
| 2022 | $33,862 | $33,862 | — | — | — |