Plan Snapshot
- Plan Sponsor: Sciolex Corporation
- Sponsor EIN: 204225592
- Sponsor Address: 4511 SINGER COURT, CHANTILLY, VA, 20151
- Plan Type: 401(k)
- Total Participants: 71
- Total Assets: $5.2M
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 | 71 | $5.2M | $159,599 | $274,167 |
| 2023 | 421 | $5.3M | $209,695 | $374,308 |
| 2022 | 142 | $6.1M | $300,341 | $606,531 |
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 |
|---|---|---|---|---|
| BEHRENS & BANKS, P.C. | 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 | $1,277,857 | — | $981 | — | — |
| 2023 | $1,150 | — | — | — | — |
| 2022 | $694 | — | — | — | — |