Plan Snapshot
- Plan Sponsor: Systemtec, INC.
- Sponsor EIN: 582363648
- Sponsor Address: 200 CENTER POINT CIRCLE, SUITE 301, COLUMBIA, SC, 29210
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 246
- Total Assets: $10.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 246 | $10.2M | $0 | $0 |
| 2024 | 136 | $8.7M | $138,472 | $832,562 |
| 2023 | 131 | $7.2M | $167,956 | $805,656 |
| 2022 | 122 | $5.8M | $173,159 | $603,256 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $79,265 | — | $79,265 |
| MORGAN STANLEY SMITH BARNEY LLC | Investment Advisor | — | $46,531 | $46,531 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $125,796
- 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 |
|---|---|---|---|---|---|
| 2025 | $1,230,462 | $195 | — | $2,029 | — |
| 2024 | $68,774 | — | — | — | — |
| 2023 | $74,431 | — | $74,431 | — | — |
| 2022 | $51,202 | — | $51,202 | — | — |