# Sion Power Corporation 401(k) Plan
Source: https://planprovider.pro/companies/sion-power-corporation-401k-plan

> Sion Power Corporation's 401(k) plan: 74 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/the-vanguard-group-inc) — NONE

- [BEACH FLEISCHMAN](https://planprovider.pro/provider/beachfleischman-pllc) — 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|—|—|

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