Plan Snapshot
- Plan Sponsor: The Adept Corporation
- Sponsor EIN: 231669970
- Sponsor Address: 4601 SUSQUEHANNA TRAIL, NORTH, YORK, PA, 17406
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 55
- Total Assets: $335,761
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 55 | $335,761 | $0 | $0 |
| 2024 | 38 | $280,449 | $41,620 | $18,523 |
| 2023 | 60 | $294,272 | $746,459 | $261,624 |
| 2022 | 56 | $183,621 | $680,217 | $230,352 |
| 2021 | 75 | $161,873 | $574,522 | $247,255 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP | Investment Advisor | $69,271 | — | $69,271 |
| E.K.MCCONKEY & CO | Investment Advisor | $19,530 | — | $19,530 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,801
- Estimated Expense Ratio: 26.448% 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 | $1,053,044 | — | — | — | — |
| 2024 | $77,721 | — | — | — | — |
| 2023 | $924,400 | — | — | — | — |
| 2022 | $915,989 | — | — | — | — |
| 2021 | $724,743 | — | — | — | — |