Plan Snapshot
- Plan Sponsor: Bixal Solutions INC.
- Sponsor EIN: 542056504
- Sponsor Address: 3050 CHAIN BRIDGE ROAD, FAIRFAX, VA, 220302834
- Plan Type: 401(k)
- Total Participants: 245
- Total Assets: $17.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 245 | $17.2M | $965,782 | $2.4M |
| 2023 | 224 | $11.6M | $837,512 | $2.1M |
| 2022 | 223 | $6.8M | $634,942 | $1.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $67,753 | — | $67,753 |
| WELLS FARGO ADVISORS INS AGENCY LLC | OTHER SERVICES | — | $23,929 | $23,929 |
| CHERRY BEKAERT, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,682
- Estimated Expense Ratio: 0.534% 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 | $68,023 | — | $68,023 | — | — |
| 2023 | $58,706 | — | $58,706 | — | — |
| 2022 | $32,010 | — | $32,010 | — | — |