Plan Snapshot
- Plan Sponsor: Strategic Technology Institute, INC.
- Sponsor EIN: 521449891
- Sponsor Address: 6000 EXECUTIVE BOULEVARD, SUITE 205, ROCKVILLE, MD, 20852
- Plan Type: 401(k)
- Total Participants: 771
- Total Assets: $12.2M
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 | 771 | $12.2M | $2.2M | $1.5M |
| 2023 | 703 | $8.5M | $1.6M | $1.1M |
| 2022 | 501 | $5.8M | $1.7M | $784,305 |
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 | $113,710 | — | $113,710 |
| AMERIPRISE FINANCIAL SERVICES INC | OTHER SERVICES | — | $23,304 | $23,304 |
| THE RETIREMENT ADVANTAGE, INC. | CONTRACT ADMINISTRATOR | $8,263 | $4,400 | $12,663 |
| UHY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERIPRISE FINANCIAL SERVICES INC — OTHER SERVICES
- UHY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $149,677
- Estimated Expense Ratio: 1.228% 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 | $121,958 | — | $121,958 | — | — |
| 2023 | $82,864 | — | $82,864 | — | — |
| 2022 | $96,544 | — | $96,544 | — | — |