Plan Snapshot
- Plan Sponsor: Concept Plus, LLC
- Sponsor EIN: 263246931
- Sponsor Address: 12150 MONUMENT DR STE 615, FAIRFAX, VA, 22033
- Plan Type: 401(k)
- Total Participants: 189
- Total Assets: $18.3M
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 | 189 | $18.3M | $582,691 | $1.3M |
| 2023 | 123 | $15.3M | $437,938 | $1.1M |
| 2022 | 135 | $13.7M | $400,883 | $975,126 |
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 |
|---|---|---|---|---|
| MID ATLANTIC FINANCIAL MANAGEMENT I | INVESTMENT ADVISOR | $41,115 | — | $41,115 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $19,467 | — | $19,467 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $5,115 | — | $5,115 |
| APRIO LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- APRIO LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,697
- Estimated Expense Ratio: 0.359% 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 | $65,697 | $46,230 | — | — | — |
| 2023 | $53,833 | $35,844 | — | — | — |
| 2022 | $35,607 | — | $35,607 | — | — |