Plan Snapshot
- Plan Sponsor: The Sphere Institute
- Sponsor EIN: 911748201
- Sponsor Address: 500 AIRPORT BOULEVARD, BURLINGAME, CA, 94010
- Plan Type: 401(k)
- Total Participants: 618
- Total Assets: $74.9M
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. |
|---|---|---|---|---|
| 2024 | 618 | $74.9M | $1.6M | $6.3M |
| 2023 | 752 | $59.9M | $1.3M | $5.8M |
| 2022 | 618 | $45.8M | $691,079 | $4.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $61,759 | — | $61,759 |
| MILLER KAPLAN ARASE LLP | ACCOUNTANT/AUDITOR | $13,750 | — | $13,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MILLER KAPLAN ARASE LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,509
- Estimated Expense Ratio: 0.101% 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 | $77,770 | $1,561 | — | $13,750 | — |
| 2023 | $131,357 | $12 | — | $26,000 | — |
| 2022 | $114,334 | — | — | — | — |