Plan Snapshot
- Plan Sponsor: Strategic Funding Source INC. Dba Kapitus
- Sponsor EIN: 010855279
- Sponsor Address: 120 W 45TH STREET, NEW YORK, NY, 10036
- Plan Type: 401(k)
- Total Participants: 319
- Total Assets: $16.4M
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 | 319 | $16.4M | $435,127 | $2.6M |
| 2023 | 302 | $12.3M | $449,822 | $2.5M |
| 2022 | 272 | $7.7M | $457,401 | $1.8M |
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 |
|---|---|---|---|---|
| CBIZ CPAS 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 | $66,016 | $25,443 | — | — | — |
| 2023 | $44,958 | $16,873 | — | — | — |
| 2022 | $34,225 | $1,245 | — | — | — |