Plan Snapshot
- Plan Sponsor: Simulation Technologies, INC
- Sponsor EIN: 630843226
- Sponsor Address: 7067 OLD MADISON PIKE NW, SUITE 100, HUNTSVILLE, AL, 35806
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 228
- Total Assets: $88.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 228 | $88.1M | $4.8M | $1.8M |
| 2023 | 210 | $78.6M | $4.8M | $1.7M |
| 2022 | 183 | $62.3M | $4.5M | $1.6M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY | Investment Advisor | $75,923 | — | $75,923 |
| VANGUARD GROUP INC. | Recordkeeper | $13,068 | — | $13,068 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,991
- Estimated Expense Ratio: 0.101% 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 | $88,391 | — | $88,391 | — | — |
| 2023 | $77,242 | $66,811 | $1,400 | — | — |
| 2022 | $69,426 | — | $69,426 | — | — |