Plan Snapshot
- Plan Sponsor: By Light Professional It Services LLC
- Sponsor EIN: 743068812
- Sponsor Address: 8484 WESTPARK DR, SUITE 600, MCLEAN, VA, 22102
- Plan Type: 401(k)
- Total Participants: 1,630
- Total Assets: $214.5M
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 | 1,630 | $214.5M | $5.4M | $13.2M |
| 2023 | 1,369 | $198.0M | $5.2M | $12.9M |
| 2022 | 1,312 | $150.3M | $5.1M | $12.1M |
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 |
|---|---|---|---|---|
| REGAN, SCHICKNER, & HARPER LLC | Auditor | — | — | $0 |
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 | $166,289 | $36,851 | — | — | — |
| 2023 | $135,296 | $27,421 | $600 | — | — |
| 2022 | $119,506 | $22,895 | — | — | — |