Plan Snapshot
- Plan Sponsor: Seakeeper, INC.
- Sponsor EIN: 205999105
- Sponsor Address: 45310 ABELL HOUSE LN STE 350, CALIFORNIA, MD, 206193212
- Plan Type: 401(k)
- Total Participants: 271
- Total Assets: $16.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 271 | $16.0M | $756,014 | $1.6M |
| 2023 | 246 | $13.6M | $666,558 | $1.5M |
| 2022 | 257 | $10.1M | $628,527 | $1.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $79,056 | — | $79,056 |
| WORLD INVESTMENT ADVISORS, LLC | Investment Advisor | $37,099 | $22 | $37,121 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $116,177
- Estimated Expense Ratio: 0.724% 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 | $116,155 | $37,099 | $79,056 | — | — |
| 2023 | $132,906 | $31,061 | $101,845 | — | — |
| 2022 | $111,240 | $27,049 | $84,191 | — | — |