Plan Snapshot
- Plan Sponsor: Social Solutions International, INC
- Sponsor EIN: 841663710
- Sponsor Address: 6153 EXECUTIVE BLVD, ROCKVILLE, MD, 208523901
- Plan Type: 401(k)
- Total Participants: 39
- Total Assets: $20.2M
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 | 39 | $20.2M | $232,910 | $487,947 |
| 2023 | 76 | $19.3M | $290,641 | $497,746 |
| 2022 | 51 | $21.5M | $2.1M | $1.8M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $69,335 | $25 | $69,360 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $58,011 | — | $58,011 |
| ASCENSUS | Recordkeeper | $2,138 | $8,915 | $11,053 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ASCENSUS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $138,424
- Estimated Expense Ratio: 0.684% 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 | $129,535 | — | $124,958 | — | — |
| 2023 | $136,567 | — | $136,567 | — | — |
| 2022 | $145,093 | $31,895 | $70,671 | — | $42,527 |