# Sonifi Solutions, INC. 401(k) Plan
Source: https://planprovider.pro/companies/sonifi-solutions-inc-401k-plan

> Sonifi Solutions, INC.'s 401(k) plan: 614 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sonifi Solutions, INC.

- **Sponsor EIN:** 460371161

- **Sponsor Address:** 3900 WEST INNOVATION STREET, SIOUX FALLS, SD, 571077002

- **Plan Type:** 401(k)

- **Total Participants:** 614

- **Total Assets:** $95.2M

## 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|614|$95.2M|$942,971|$4.6M|

| 2023|620|$83.5M|$960,157|$4.4M|

| 2022|605|$67.7M|$837,914|$4.0M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$141,784|—|$141,784|

| OSAIC WEALTH INC|INVESTMENT ADVISORY|$24,000|—|$24,000|

| WOODBURY FINANCIAL SERVICES|INVESTMENT ADVISORY|$12,000|—|$12,000|

| EIDE BAILLY LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [OSAIC WEALTH INC](https://planprovider.pro/provider/royal-alliance-associates-inc) — INVESTMENT ADVISORY

- [EIDE BAILLY LLP](https://planprovider.pro/provider/eide-bailly-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $177,784

- **Estimated Expense Ratio:** 0.187% 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|$177,784|$36,000|$141,784|—|—|

| 2023|$139,269|—|$139,269|—|—|

| 2022|$129,810|—|$129,810|—|—|

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