Plan Snapshot
- Plan Sponsor: Smart Wires Grid, INC.
- Sponsor EIN: 452167620
- Sponsor Address: 1035 SWABIA COURT STE 130, DURHAM, NC, 27703
- Plan Type: 401(k)
- Total Participants: 57
- Total Assets: $10.2M
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 | 57 | $10.2M | $360,227 | $671,371 |
| 2023 | 50 | $8.8M | $479,171 | $854,462 |
| 2022 | 123 | $8.4M | $651,608 | $1.2M |
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 |
|---|---|---|---|---|
| COMPERIO RETIREMENT CONSULTING, INC | Investment Advisor | $23,967 | — | $23,967 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $12,523 | — | $12,523 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,490
- Estimated Expense Ratio: 0.357% 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 | $36,490 | $23,967 | — | — | — |
| 2023 | $35,700 | $22,067 | — | — | — |
| 2022 | — | — | — | — | — |