Plan Snapshot
- Plan Sponsor: Processunity INC
- Sponsor EIN: 200317803
- Sponsor Address: 33 BRADFORD ST, CONCORD, MA, 01742
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 267
- Total Assets: $27.5M
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. |
|---|---|---|---|---|
| 2025 | 267 | $27.5M | $0 | $0 |
| 2024 | 258 | $20.1M | $876,002 | $2.5M |
| 2023 | 214 | $13.4M | $710,008 | $2.0M |
| 2022 | 116 | $6.8M | $522,146 | $1.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $26,012 | — | $26,012 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $5,792 | — | $5,792 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,804
- Estimated Expense Ratio: 0.116% 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 |
|---|---|---|---|---|---|
| 2025 | $1,069,072 | $5,792 | — | — | — |
| 2024 | $20,836 | $2,346 | — | — | — |
| 2023 | $10,878 | $160 | — | — | — |
| 2022 | $12,230 | $927 | $11,303 | — | — |