Plan Snapshot
- Plan Sponsor: Serendipity Hearing, INC. Dba Sonus
- Sponsor EIN: 273716562
- Sponsor Address: 5882 BOLSA AVE. SUITE 130, HUNTINGTON BEACH, CA, 92649
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $5.7M
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 | 132 | $5.7M | $175,466 | $504,788 |
| 2023 | 123 | $4.8M | $163,856 | $427,245 |
| 2022 | 133 | $3.9M | $124,558 | $334,349 |
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 |
|---|---|---|---|---|
| PENSION ASSURANCE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PENSION ASSURANCE LLP — Auditor
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 | $18,171 | — | $18,171 | — | — |
| 2023 | $17,221 | — | $17,221 | — | — |
| 2022 | $19,425 | — | $19,425 | — | — |