Plan Snapshot
- Plan Sponsor: Systems Technology, INC.
- Sponsor EIN: 951957989
- Sponsor Address: 13766 HAWTHORNE BOULEVARD, HAWTHORNE, CA, 902507010
- Plan Type: 401(k)
- Total Participants: 29
- Total Assets: $31.8M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 29 | $31.8M | $724,807 | $341,297 |
| 2023 | 33 | $29.0M | $625,496 | $352,407 |
| 2022 | 23 | $24.7M | $623,496 | $348,963 |
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 |
|---|---|---|---|---|
| UNITED PLANNERS FINANCIAL SERVICES | BROKER/ADVISOR | — | $21,384 | $21,384 |
| EMPOWER ADVISORY GRUP | INVESTMENT MANAGER | $7,199 | — | $7,199 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,583
- Estimated Expense Ratio: 0.090% 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 | $1,383,923 | — | — | — | — |
| 2023 | $709,422 | — | — | — | — |
| 2022 | $1,000,342 | — | $5,289 | — | — |