# Sofie Network INC. 401(k) Plan
Source: https://planprovider.pro/companies/sofie-network-inc-401k-plan

> Sofie Network INC.'s 401(k) plan: 425 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/hozik-and-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|

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