Plan Snapshot
- Plan Sponsor: Sion Power Corporation
- Sponsor EIN: 112955458
- Sponsor Address: 2900 EAST ELVIRA ROAD, TUCSON, AZ, 85756
- Plan Type: 401(k)
- Total Participants: 74
- Total Assets: $10.8M
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 | 74 | $10.8M | $348,110 | $836,494 |
| 2023 | 97 | $10.7M | $387,949 | $914,821 |
| 2022 | 113 | $8.8M | $367,583 | $890,417 |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | NONE | $13,326 | — | $13,326 |
| COMMONWEALTH FINANCIAL NETWORK CO | NONE | $8,155 | — | $8,155 |
| BEACH FLEISCHMAN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- BEACH FLEISCHMAN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,481
- Estimated Expense Ratio: 0.199% 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 | $16,854 | $8,155 | $8,699 | — | — |
| 2023 | $13,241 | $11,604 | $1,637 | — | — |
| 2022 | $10,452 | — | $10,452 | — | — |