Plan Snapshot
- Plan Sponsor: Satellite Services, INC.
- Sponsor EIN: 382380703
- Sponsor Address: 309 S FRONT ST, MARQUETTE, MI, 498554600
- Plan Type: 401(k)
- Total Participants: 159
- Total Assets: $9.0M
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 | 159 | $9.0M | $296,830 | $283,327 |
| 2023 | 191 | $8.3M | $231,762 | $330,713 |
| 2022 | 182 | $7.4M | $215,890 | $378,930 |
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 |
|---|---|---|---|---|
| SCHNEIDER LARCHE HAAPALA AND COPLL | 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 | $55,946 | $8,667 | $28,212 | — | — |
| 2023 | $54,714 | $7,572 | $28,765 | — | — |
| 2022 | $58,702 | $7,895 | $31,069 | — | $19,738 |