Plan Snapshot
- Plan Sponsor: Rekor Systems, INC.
- Sponsor EIN: 815266334
- Sponsor Address: 7172 COLUMBIA GATEWAY DRIVE, COLUMBIA, MD, 21046
- Plan Type: 401(k)
- Total Participants: 240
- Total Assets: $9.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 240 | $9.3M | $754,353 | $1.8M |
| 2023 | 254 | $7.2M | $594,902 | $1.6M |
| 2022 | 155 | $4.8M | $496,026 | $1.4M |
| 2019 | 594 | $11.6M | $0 | $0 |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $99,166 | — | — | — | — |
| 2023 | $78,514 | — | — | — | — |
| 2022 | $46,815 | — | $46,815 | — | — |
| 2019 | $24,889 | — | $24,889 | — | — |