Plan Snapshot
- Plan Sponsor: 1 Source Business Solutions, LLC
- Sponsor EIN: 273793520
- Sponsor Address: 6966 S COMMERCE PARK DRIVE, MIDVALE, UT, 84047
- Plan Type: 401(k)
- Total Participants: 2,509
- Total Assets: $41.5M
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 | 2,509 | $41.5M | $2.5M | $5.8M |
| 2023 | 1,943 | $31.0M | $1.9M | $4.2M |
| 2022 | 1,645 | $22.6M | $1.4M | $3.5M |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INSURAN | Recordkeeper | $291,324 | — | $291,324 |
| TRIDENT INSURANCE GROUP | Other Service Provider | $172,493 | — | $172,493 |
| PINNACLE FINANCIAL SERVIES, INC. | Recordkeeper | $29,658 | $176 | $29,834 |
| SOLTIS INVESTMENT ADVISORS, LLC | Investment Advisor | $17,249 | — | $17,249 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INSURAN — Recordkeeper
- SOLTIS INVESTMENT ADVISORS, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $510,900
- Estimated Expense Ratio: 1.231% 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 | $660,046 | — | $497,344 | — | — |
| 2023 | $348,027 | — | $227,852 | — | — |
| 2022 | $305,834 | $198,981 | $1,600 | — | $105,253 |