Plan Snapshot
- Plan Sponsor: Social Impact, INC.
- Sponsor EIN: 541795186
- Sponsor Address: 4201 WILSON BLVD STE 305, ARLINGTON, VA, 222034428
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 108
- Total Assets: $12.5M
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 | 108 | $12.5M | $448,010 | $934,608 |
| 2023 | 89 | $10.0M | $413,073 | $856,100 |
| 2022 | 86 | $7.8M | $400,632 | $929,051 |
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 |
|---|---|---|---|---|
| LONG & ASSOCIATES, P.C. | 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 | $79,055 | — | $79,055 | — | — |
| 2023 | $59,983 | — | $59,983 | — | — |
| 2022 | $55,374 | — | $55,374 | — | — |