Plan Snapshot
- Plan Sponsor: Sonic Manufacturing Technologies
- Sponsor EIN: 770432998
- Sponsor Address: 47931 WESTINGHOUSE DRIVE, FREMONT, CA, 94539
- Plan Type: 401(k)
- Total Participants: 354
- Total Assets: $13.7M
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 | 354 | $13.7M | $598,582 | $1.8M |
| 2023 | 336 | $10.9M | $510,800 | $1.7M |
| 2022 | 294 | $7.9M | $524,724 | $1.5M |
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 |
|---|---|---|---|---|
| ONEDIGITAL INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $53,800 | — | $53,800 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $20,299 | — | $20,299 |
| RESOURCES INVESTMENT ADVISORS, LLC | INVESTMENT MGMT | $5,353 | — | $5,353 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS LLC — INVESTMENT ADVISOR
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,452
- Estimated Expense Ratio: 0.578% of plan assets
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 | $76,527 | $59,153 | — | — | — |
| 2023 | $50,416 | $41,839 | — | — | — |
| 2022 | $74,434 | $74,020 | $414 | — | — |