Plan Snapshot
- Plan Sponsor: Sonatype, INC.
- Sponsor EIN: 260641472
- Sponsor Address: 8161 MAPLE LAWN BLVD. SUITE 250, FULTON, MD, 20759
- Plan Type: 401(k)
- Total Participants: 246
- Total Assets: $25.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 246 | $25.9M | $460,409 | $3.8M |
| 2023 | 288 | $21.8M | $439,583 | $3.8M |
| 2022 | 359 | $16.1M | $440,054 | $3.4M |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY 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 | $97,787 | $62,057 | — | — | — |
| 2023 | $82,027 | $46,887 | — | — | — |
| 2022 | $66,405 | — | — | — | — |