Plan Snapshot
- Plan Sponsor: Sparksoft Corporation
- Sponsor EIN: 201779865
- Sponsor Address: 5520 RESEARCH PARK DR STE 210, CATONSVILLE, MD, 212284866
- Plan Type: 401(k)
- Total Participants: 328
- Total Assets: $16.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 328 | $16.7M | $1.1M | $2.7M |
| 2023 | 315 | $11.4M | $865,830 | $2.0M |
| 2022 | 224 | $7.2M | $697,965 | $1.4M |
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 |
|---|---|---|---|---|
| REGAN, SCHICKNER, & HARPER 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 | $76,667 | — | $5,283 | — | — |
| 2023 | $52,769 | $30 | $6,485 | — | — |
| 2022 | $31,395 | — | $31,395 | — | — |