Plan Snapshot
- Plan Sponsor: Veltek Associates INC
- Sponsor EIN: 232646423
- Sponsor Address: 15 LEE BLVD, MALVERN, PA, 193551234
- Plan Type: 401(k)
- Total Participants: 178
- Total Assets: $27.0M
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 | 178 | $27.0M | $1.0M | $1.2M |
| 2023 | 188 | $22.8M | $1.1M | $1.2M |
| 2022 | 191 | $19.9M | $1.0M | $822,622 |
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 |
|---|---|---|---|---|
| ADVISORNET FINANCIAL | ADVISOR | $69,697 | — | $69,697 |
| PAYCHEX, INC. | RECORDKEEPER | $10,209 | — | $10,209 |
| VOYNOWBAYARDWHYTE & CO. LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,906
- Estimated Expense Ratio: 0.296% 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 | $86,302 | $72,697 | $12,745 | — | — |
| 2023 | $71,671 | $48,565 | $22,160 | — | — |
| 2022 | $6,600 | — | — | — | — |