Plan Snapshot
- Plan Sponsor: Creative Business Solutions,INC.
- Sponsor EIN: 800501539
- Sponsor Address: 13003 WINDING CREEK RD, BOWIE, MD, 20721
- Plan Type: 401(k)
- Total Participants: 64
- Total Assets: $5.3M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 64 | $5.3M | $380,470 | $386,148 |
| 2023 | 63 | $4.3M | $275,845 | $348,923 |
| 2022 | 71 | $3.6M | $307,974 | $324,065 |
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 |
|---|---|---|---|---|
| PENAN & SCOTT P.C. | 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 | $39,456 | $7,405 | $24,646 | — | — |
| 2023 | $52,073 | — | — | — | — |
| 2022 | $58,615 | $7,361 | $43,893 | — | $7,361 |