Plan Snapshot
- Plan Sponsor: Sachem, INC.
- Sponsor EIN: 742286932
- Sponsor Address: 5700 MOPAC EXPRESSWAY,, AUSTIN, TX, 78749
- Plan Type: 401(k)
- Total Participants: 134
- Total Assets: $42.9M
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 | 134 | $42.9M | $444,436 | $1.0M |
| 2023 | 138 | $46.4M | $401,803 | $1.4M |
| 2022 | 185 | $48.0M | $1.4M | $1.6M |
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 | $38,636 | — | $38,636 |
| MAXWELL LOCKE & RITTER LLP | ACCOUNTANT/AUDITOR | $29,000 | — | $29,000 |
| SAGEVIEW ADVISORY | INVESTMENT ADVISOR | $22,500 | — | $22,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MAXWELL LOCKE & RITTER LLP — ACCOUNTANT/AUDITOR
- SAGEVIEW ADVISORY — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,136
- Estimated Expense Ratio: 0.210% 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 | $90,136 | — | $600 | $29,000 | — |
| 2023 | $87,430 | — | $600 | $23,500 | — |
| 2022 | $68,489 | — | — | — | — |