Plan Snapshot
- Plan Sponsor: Sky Venture Management, LLC
- Sponsor EIN: 200212902
- Sponsor Address: 13265 US-183, AUSTIN, TX, 78750
- Plan Type: 401(k)
- Total Participants: 617
- Total Assets: $13.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 617 | $13.1M | $966,703 | $1.7M |
| 2023 | 663 | $10.2M | $924,662 | $1.5M |
| 2022 | 559 | $7.4M | $848,627 | $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 | $63,551 | — | $63,551 |
| BURNHAM GIBSON WEALTH ADVISORS, INC | INVESTMENT ADVISORY | — | $45,623 | $45,623 |
| ORENDA RETIREMENT, LLC | OTHER SERVICES | $16,956 | $5,745 | $22,701 |
| BAUER & COMPANY, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,875
- Estimated Expense Ratio: 1.009% 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 | $80,492 | $6,336 | $74,156 | — | — |
| 2023 | $81,906 | — | $81,906 | — | — |
| 2022 | $60,419 | — | $55,366 | — | $5,053 |