Plan Snapshot
- Plan Sponsor: Sofie Network INC.
- Sponsor EIN: 821041795
- Sponsor Address: 21000 ATLANTIC BLVD., #730, DULLES, VA, 20166
- Plan Type: 401(k)
- Total Participants: 425
- Total Assets: $25.0M
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 | 425 | $25.0M | $762,083 | $2.5M |
| 2023 | 385 | $20.6M | $661,171 | $2.1M |
| 2022 | 343 | $17.2M | $497,551 | $1.6M |
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 |
|---|---|---|---|---|
| HOZIK & COMPANY PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HOZIK & COMPANY PLC — Auditor
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 | $91,455 | $46,658 | $44,797 | — | — |
| 2023 | $73,757 | $37,794 | $35,963 | — | — |
| 2022 | $71,750 | — | $44,300 | — | $27,450 |