Plan Snapshot
- Plan Sponsor: Soci INC.
- Sponsor EIN: 455383269
- Sponsor Address: 350 TENTH AVE SUITE 101, SAN DIEGO, CA, 92101
- Plan Type: 401(k)
- Total Participants: 373
- Total Assets: $14.3M
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 | 373 | $14.3M | $1,869 | $3.0M |
| 2023 | 377 | $11.9M | $797,074 | $3.2M |
| 2022 | 475 | $6.7M | $736,084 | $2.7M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $72,176 | — | $72,176 |
| MMA SECURITIES LLC | Investment Advisor | $31,954 | — | $31,954 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $11,299 | — | $11,299 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,429
- Estimated Expense Ratio: 0.809% 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 | $115,429 | $43,253 | — | — | — |
| 2023 | $79,745 | $27,945 | — | — | — |
| 2022 | $42,901 | $15,406 | $27,495 | — | — |