Plan Snapshot
- Plan Sponsor: Sonco Worldwide INC
- Sponsor EIN: 520808023
- Sponsor Address: 9011 E HAMPTON DRIVE, CAPITOL HEIGHTS, MD, 20743
- Plan Type: 401(k)
- Total Participants: 82
- Total Assets: $3.4M
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 | 82 | $3.4M | $64,875 | $244,687 |
| 2023 | 52 | $3.3M | $71,094 | $212,459 |
| 2022 | 51 | $3.2M | $78,305 | $245,560 |
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 |
|---|---|---|---|---|
| LUXENBURG & BRONFIN, 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 | $566,682 | — | $13,958 | — | — |
| 2023 | $662,472 | — | $11,590 | — | — |
| 2022 | $12,808 | — | — | — | — |