Plan Snapshot
- Plan Sponsor: Zapi, INC.
- Sponsor EIN: 562090732
- Sponsor Address: 267 HEIN DRIVE, GARNER, NC, 27529
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 159
- Total Assets: $6.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 159 | $6.4M | $347,537 | $731,415 |
| 2023 | 138 | $5.3M | $305,751 | $640,570 |
| 2022 | 126 | $4.1M | $199,561 | $497,280 |
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 |
|---|---|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC | Other Service Provider | — | $70,219 | $70,219 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $12,446 | — | $12,446 |
| NYLIFE SECURITIES INC | Investment Advisor | — | $10,015 | $10,015 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,680
- Estimated Expense Ratio: 1.451% 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 | $28,433 | — | — | — | — |
| 2023 | $30,934 | $1,339 | $29,595 | — | — |
| 2022 | $30,028 | $927 | $29,101 | — | — |