Plan Snapshot
- Plan Sponsor: Symphonyai, LLC
- Sponsor EIN: 813667465
- Sponsor Address: 3300 HILLVIEW AVENUE, PALO ALTO, CA, 94304
- Plan Type: 401(k)
- Total Participants: 518
- Total Assets: $72.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 518 | $72.5M | $3.4M | $7.2M |
| 2023 | 416 | $55.4M | $2.9M | $6.2M |
| 2022 | 41 | $1.6M | $200,698 | $486,238 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS. LLC | Investment Advisor | $115,550 | — | $115,550 |
| EMPOWER ANNUITY INS. CO OF AMERICA | Recordkeeper | $86,593 | — | $86,593 |
| THE ANGELL PENSION GROUP, INC | Other Service Provider | $20,000 | — | $20,000 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $9,882 | — | $9,882 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $232,025
- Estimated Expense Ratio: 0.320% 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 | $368,677 | — | — | — | — |
| 2023 | $124,064 | $85,467 | $24,000 | — | — |
| 2022 | — | — | — | — | — |