Plan Snapshot
- Plan Sponsor: Xigent Automation Systems, INC.
- Sponsor EIN: 202922867
- Sponsor Address: 8303 GREEN MEADOWS DRIVE, LEWIS CENTER, OH, 43035
- Plan Type: 401(k)
- Total Participants: 87
- Total Assets: $14.9M
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 | 87 | $14.9M | $258,824 | $577,685 |
| 2023 | 75 | $12.4M | $221,822 | $546,227 |
| 2022 | 83 | $12.8M | $245,151 | $546,690 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY | BROKER | $31,052 | — | $31,052 |
| THE VANGUARD GROUP, INC | RECORDKEEPER | $10,350 | — | $10,350 |
| PW PARTNERS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — BROKER
- PW PARTNERS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,402
- Estimated Expense Ratio: 0.277% 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 | $39,907 | — | — | — | — |
| 2023 | $40,766 | — | — | — | — |
| 2022 | $54,821 | — | — | — | — |