Plan Snapshot
- Plan Sponsor: Sciolex Corporation
- Sponsor EIN: 204225592
- Sponsor Address: 4511 SINGER COURT ST 200, CHANTILLY, VA, 20150
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 256
- Total Assets: $3.5M
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. |
|---|---|---|---|---|
| 2025 | 256 | $3.5M | $0 | $0 |
| 2024 | 97 | $3.5M | $151,630 | $202,958 |
| 2023 | 338 | $4.6M | $271,905 | $396,211 |
| 2022 | 918 | $6.3M | $1.4M | $1.8M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $72,078 | — | $72,078 |
| LPL FINANCIAL LLC | Investment Advisor | — | $16,562 | $16,562 |
| KESTRA INVESTMENT SERVICES LLC | Investment Advisor | $6,657 | — | $6,657 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,297
- Estimated Expense Ratio: 2.740% 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 |
|---|---|---|---|---|---|
| 2025 | $775,217 | $10,709 | $2,030 | — | — |
| 2024 | $149,252 | $14,193 | $24,098 | — | — |
| 2023 | $190,838 | $16,957 | $32,435 | — | — |
| 2022 | $198,069 | $59,397 | $138,672 | — | — |