Plan Snapshot
- Plan Sponsor: Sovereign Consulting INC.
- Sponsor EIN: 223626647
- Sponsor Address: 100 DOBBS LANE SUITE 212, CHERRY HILL, NJ, 08034
- Plan Type: 401(k)
- Total Participants: 139
- Total Assets: $23.7M
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 | 139 | $23.7M | $130,749 | $944,223 |
| 2023 | 130 | $20.1M | $127,246 | $836,182 |
| 2022 | 116 | $18.1M | $118,088 | $821,060 |
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 |
|---|---|---|---|---|
| MERCADIEN P. C. | 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 | $18,969 | $18,969 | — | — | — |
| 2023 | $18,440 | — | — | — | — |
| 2022 | $19,437 | — | — | — | — |