Plan Snapshot
- Plan Sponsor: Sermo, INC.
- Sponsor EIN: 203980356
- Sponsor Address: 8 CROSBY STREET, FL 2, NEW YORK, NY, 10013
- Plan Type: 401(k)
- Total Participants: 101
- Total Assets: $11.1M
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 | 101 | $11.1M | $501,053 | $1.3M |
| 2023 | 116 | $8.6M | $540,531 | $1.2M |
| 2022 | 120 | $6.4M | $442,656 | $1.1M |
| 2020 | 60 | $5.2M | $0 | $0 |
| 2019 | 51 | $4.0M | $0 | $0 |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & CO., LLP | 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 | $35,061 | $24,887 | $10,174 | — | — |
| 2023 | $30,385 | $18,174 | $12,211 | — | — |
| 2022 | $26,493 | $15,230 | $11,263 | — | — |
| 2020 | $13,929 | $9,845 | $4,084 | — | — |
| 2019 | $13,332 | $8,874 | $4,458 | — | — |