Plan Snapshot
- Plan Sponsor: Xp Power LLC
- Sponsor EIN: 770275313
- Sponsor Address: 990 BENECIA AVE, SUNNYVALE, CA, 94085
- Plan Type: 401(k)
- Total Participants: 423
- Total Assets: $58.1M
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 | 423 | $58.1M | $2.7M | $4.1M |
| 2023 | 488 | $50.6M | $2.5M | $4.2M |
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 WORKPLACE SERVICES LLC | PLAN ADMINISTRATOR | $46,130 | — | $46,130 |
| GLOBAL RETIREMENT PARTNERS LLC | ADVISOR | $40,000 | — | $40,000 |
| MOSS ADAMS LLP | ACCOUNTANT/AUDITOR | $21,735 | — | $21,735 |
| BAKER TILLY US, LLP | Auditor | $21,735 | — | $21,735 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $10,746 | — | $10,746 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — ADVISOR
- MOSS ADAMS LLP — ACCOUNTANT/AUDITOR
- BAKER TILLY US, LLP — Auditor
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $140,346
- Estimated Expense Ratio: 0.242% 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 | $118,611 | $50,746 | — | $21,735 | — |
| 2023 | $115,393 | $44,277 | — | $25,200 | — |