Plan Snapshot
- Plan Sponsor: Apogee Solutions, INC.
- Sponsor EIN: 542074565
- Sponsor Address: 501 INDEPENDENCE PARKWAY, SUITE 108, CHESAPEAKE, VA, 23320
- Plan Type: 401(k)
- Total Participants: 136
- Total Assets: $5.2M
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 | 136 | $5.2M | $362,528 | $399,554 |
| 2023 | 117 | $3.5M | $316,971 | $280,352 |
| 2022 | 126 | $2.5M | $304,626 | $266,630 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $19,285 | — | $19,285 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $15,315 | — | $15,315 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $6,042 | — | $6,042 |
| CORBIN & COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,642
- Estimated Expense Ratio: 0.787% 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 | $38,507 | $38,507 | — | — | — |
| 2023 | $24,253 | $24,253 | — | — | — |
| 2022 | $19,936 | $19,936 | — | — | — |