Plan Snapshot
- Plan Sponsor: Somacis INC
- Sponsor EIN: 990376521
- Sponsor Address: 13500 DANIELSON ST., POWAY, CA, 920646874
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $4.5M
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 | 140 | $4.5M | $127,948 | $378,030 |
| 2023 | 65 | $3.8M | $128,502 | $453,593 |
| 2022 | 122 | $3.5M | $0 | $358,601 |
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 |
|---|---|---|---|---|
| LEAF & COLE LLP | 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 | $24,637 | — | $24,637 | — | — |
| 2023 | $20,597 | $291 | $20,306 | — | — |
| 2022 | $10,234 | $1,244 | $8,990 | — | — |