Plan Snapshot
- Plan Sponsor: Systems Source, INC.
- Sponsor EIN: 953707183
- Sponsor Address: 4685 MCARTHUR COURT, SUITE 100, NEWPORT BEACH, CA, 92660
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $7.1M
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 | 140 | $7.1M | $0 | $851,855 |
| 2023 | 152 | $6.0M | $0 | $918,103 |
| 2022 | 183 | $503,325 | $0 | $317,447 |
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 |
|---|---|---|---|---|
| LAWRENCE R. MITCHELL & COMPANY | 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 | $625,360 | — | $15,249 | — | — |
| 2023 | $601,521 | — | $7,453 | — | — |
| 2022 | $54 | — | — | — | — |