Plan Snapshot
- Plan Sponsor: Vitech Systems Group
- Sponsor EIN: 133785492
- Sponsor Address: 401 PARK AVENUE SOUTH, NEW YORK, NY, 100168808
- Plan Type: 401(k)
- Total Participants: 412
- Total Assets: $101.1M
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 | 412 | $101.1M | $3.3M | $6.5M |
| 2023 | 462 | $91.8M | $905,668 | $6.8M |
| 2022 | 507 | $75.7M | $490,820 | $7.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $9,844 | — | $9,844 |
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,844
- Estimated Expense Ratio: 0.010% 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 | $9,844 | — | $9,844 | — | — |
| 2023 | $10,164 | — | $10,164 | — | — |
| 2022 | $13,377 | — | $13,377 | — | — |