Plan Snapshot
- Plan Sponsor: 1 Source Consulting, INC.
- Sponsor EIN: 522160405
- Sponsor Address: 9500 MEDICAL CENTER DRIVE, UPPER MARLBORO, MD, 20775
- Plan Type: 401(k)
- Total Participants: 26
- Total Assets: $6.5M
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 | 26 | $6.5M | $28,770 | $60,480 |
| 2023 | 21 | $6.9M | $26,678 | $38,056 |
| 2022 | 20 | $6.6M | $22,067 | $39,363 |
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 |
|---|---|---|---|---|
| SMITH ELLIOTT KEARNS & COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SMITH ELLIOTT KEARNS & COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $27,192 | $453 | $26,389 | — | — |
| 2023 | $65,217 | $458 | $38,159 | $26,600 | — |
| 2022 | $38,797 | — | $38,797 | — | — |