Plan Snapshot
- Plan Sponsor: Social Finance, INC.
- Sponsor EIN: 274620963
- Sponsor Address: 2 ATLANTIC AVENUE, 5TH FLOOR, BOSTON, MA, 02110
- Plan Type: 403(b)
- Total Participants: 125
- Total Assets: $12.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 125 | $12.3M | $441,084 | $1.5M |
| 2023 | 116 | $8.9M | $404,222 | $1.4M |
| 2022 | 144 | $5.9M | $289,267 | $1.1M |
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 |
|---|---|---|---|---|
| SMITH+HOWARD ADVISORY, LLC | 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 | $9,995 | — | $9,995 | — | — |
| 2023 | $8,980 | — | $8,980 | — | — |
| 2022 | — | — | — | — | — |