Plan Snapshot
- Plan Sponsor: Chemsolv, INC.
- Sponsor EIN: 541122488
- Sponsor Address: 1111 INDUSTRY AVE SE, ROANOKE, VA, 24013
- Plan Type: 401(k)
- Total Participants: 144
- Total Assets: $12.8M
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 | 144 | $12.8M | $405,097 | $766,236 |
| 2023 | 137 | $13.2M | $217,555 | $424,663 |
| 2022 | 74 | $5.9M | $129,409 | $257,798 |
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 |
|---|---|---|---|---|
| SENTINEL PENSION ADVISORS | Recordkeeper | $26,616 | — | $26,616 |
| SENTINEL BENEFITS GROUP, LLC | Recordkeeper | $24,592 | — | $24,592 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL PENSION ADVISORS — Recordkeeper
- SENTINEL BENEFITS GROUP, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,208
- Estimated Expense Ratio: 0.399% 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 | $54,920 | $26,616 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |