Plan Snapshot
- Plan Sponsor: Skyryse, INC.
- Sponsor EIN: 813215824
- Sponsor Address: 2030 E. MAPLE AVENUE, EL SEGUNDO, CA, 90245
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 238
- Total Assets: $9.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 238 | $9.9M | $0 | $0 |
| 2024 | 155 | $7.4M | $0 | $1.5M |
| 2023 | 104 | $3.2M | $0 | $1.1M |
| 2022 | 76 | $1.6M | $0 | $952,927 |
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 SMITH BARNEY LLC | Investment Advisor | $24,232 | — | $24,232 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,232
- Estimated Expense Ratio: 0.244% 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 |
|---|---|---|---|---|---|
| 2025 | $1,685,338 | — | — | — | — |
| 2024 | $796 | — | — | — | — |
| 2023 | $3,761 | $1,707 | — | — | — |
| 2022 | $97,148 | — | — | — | — |