Plan Snapshot
- Plan Sponsor: Sigma Defense Systems, LLC
- Sponsor EIN: 205844944
- Sponsor Address: 1455 FRAZEE RD SUITE 900, SAN DIEGO, CA, 92108
- Plan Type: 401(k)
- Total Participants: 503
- Total Assets: $53.9M
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 | 503 | $53.9M | $2.7M | $4.2M |
| 2023 | 457 | $36.7M | $792,197 | $3.1M |
| 2022 | 197 | $17.4M | $1.3M | $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 | CONTRACT ADMINISTRATOR | $94,168 | — | $94,168 |
| THE HIGHLANDS ACCOUNTING GROUP, INC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,168
- Estimated Expense Ratio: 0.175% 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 | $94,168 | — | $94,168 | — | — |
| 2023 | $30,759 | — | $30,759 | — | — |
| 2022 | $3,298 | — | $3,298 | — | — |