Plan Snapshot
- Plan Sponsor: Somfy Systems, INC.
- Sponsor EIN: 222182262
- Sponsor Address: 121 HERROD BLVD, DAYTON, NJ, 08810
- Plan Type: 401(k)
- Total Participants: 146
- Total Assets: $40.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 146 | $40.9M | $1.3M | $1.5M |
| 2023 | 129 | $34.7M | $1.2M | $1.3M |
| 2022 | 122 | $28.9M | $1.1M | $1.2M |
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 |
|---|---|---|---|---|
| CLIFTON LARSON ALLEN, LLC | 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 | -$4,203 | — | — | — | — |
| 2023 | -$3,399 | — | — | — | — |
| 2022 | -$734 | — | — | — | — |