Plan Snapshot
- Plan Sponsor: Applied Business Solutions, LLC
- Sponsor EIN: 200379472
- Sponsor Address: 449 S VIRGINIA ST, RENO, NV, 89501
- Plan Type: 401(k)
- Total Participants: 724
- Total Assets: $21.6M
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 | 724 | $21.6M | $935,759 | $2.1M |
| 2023 | 584 | $16.0M | $740,184 | $1.5M |
| 2022 | 498 | $16.2M | $804,481 | $1.7M |
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 |
|---|---|---|---|---|
| SKIBBIE CPA, INC. | Auditor | $9,500 | — | $9,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,500
- Estimated Expense Ratio: 0.044% 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 | $207,793 | $41,316 | — | $9,500 | — |
| 2023 | $157,360 | $24,588 | $126,409 | $6,363 | — |
| 2022 | $134,418 | $11,451 | $121,775 | — | $1,192 |