Plan Snapshot
- Plan Sponsor: Sixgen, INC.
- Sponsor EIN: 822826914
- Sponsor Address: 185 ADMIRAL COCHRANE DR, ANNAPOLIS, MD, 21401
- Plan Type: 401(k)
- Total Participants: 79
- Total Assets: $16.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 79 | $16.4M | $578,427 | $1.2M |
| 2023 | 93 | $15.1M | $574,047 | $1.1M |
| 2022 | 126 | $12.4M | $313,892 | $768,648 |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $63,408 | $32,266 | $31,142 | — | — |
| 2023 | $72,409 | $46,947 | $25,462 | — | — |
| 2022 | — | — | — | — | — |