Plan Snapshot
- Plan Sponsor: Satcom Direct, INC.
- Sponsor EIN: 411878523
- Sponsor Address: 1050 SATCOM LANE, MELBOURNE, FL, 32940
- Plan Type: 401(k)
- Total Participants: 209
- Total Assets: $78.1M
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 | 209 | $78.1M | $1.7M | $2.6M |
| 2023 | 258 | $68.9M | $1.8M | $2.7M |
| 2022 | 276 | $60.1M | $1.8M | $2.6M |
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 | $39,707 | — | $39,707 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $20,363 | — | $20,363 |
| BERMAN HOPKINS WRIGHT AND LAHAM | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BERMAN HOPKINS WRIGHT AND LAHAM — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,070
- Estimated Expense Ratio: 0.077% 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 | $60,070 | $20,363 | — | — | — |
| 2023 | $57,659 | $20,781 | $300 | — | — |
| 2022 | $63,900 | $18,479 | — | — | — |