Plan Snapshot
- Plan Sponsor: System1 Opco, LLC
- Sponsor EIN: 822387353
- Sponsor Address: 4235 REDWOOD AVE, MARINA DEL REY, CA, 90066
- Plan Type: 401(k)
- Total Participants: 256
- Total Assets: $41.6M
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 | 256 | $41.6M | $2.6M | $3.7M |
| 2023 | 256 | $31.5M | $1.8M | $3.7M |
| 2022 | 325 | $25.1M | $1.7M | $3.4M |
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 |
|---|---|---|---|---|
| OAKWOOD CAPITAL SECURITIES, INC | Investment Advisor | — | $71,600 | $71,600 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $24,079 | — | $24,079 |
| TRUOG-RYDING COMPANY, INC. | Other Service Provider | $21,690 | — | $21,690 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $117,369
- Estimated Expense Ratio: 0.282% 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 | $30,212 | $22,992 | $7,220 | — | — |
| 2023 | $22,959 | $19,768 | $3,191 | — | — |
| 2022 | $16,172 | $14,252 | $1,920 | — | — |