Plan Snapshot
- Plan Sponsor: Sierra Wireless America
- Sponsor EIN: 943338019
- Sponsor Address: 200 FLYNN RD, CAMARILLO, CA, 93012
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 366
- Total Assets: $3.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 366 | $3.7M | $114,537 | $144,896 |
| 2022 | 176 | $38.4M | $490,953 | $2.5M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $26,691 | — | $26,691 |
| PKF SAN DIEGO, LLP | Auditor | $14,303 | — | $14,303 |
| MERCER INVESTMENT MANAGEMENT INC | Investment Advisor | $14,209 | — | $14,209 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- MERCER INVESTMENT MANAGEMENT INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,203
- Estimated Expense Ratio: 1.493% 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 |
|---|---|---|---|---|---|
| 2023 | $56,261 | $16,610 | — | $14,303 | — |
| 2022 | $77,614 | $9,051 | — | — | — |