Plan Snapshot
- Plan Sponsor: Credence Management Solutions LLC
- Sponsor EIN: 203679671
- Sponsor Address: 1775 TYSONS BLVD, MCLEAN, VA, 22102
- Plan Type: 401(k)
- Total Participants: 270
- Total Assets: $23.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 270 | $23.3M | $4.0M | $3.2M |
| 2023 | 346 | $14.6M | $2.5M | $2.7M |
| 2022 | 112 | $3.6M | $806,805 | $773,022 |
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 | Recordkeeper | $48,846 | — | $48,846 |
| JPMORGAN SECURITIES, LLC | Investment Advisor | — | $12,361 | $12,361 |
| MERRILL LYNCH | Investment Advisor | — | $7,937 | $7,937 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JPMORGAN SECURITIES, LLC — Investment Advisor
- MERRILL LYNCH — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,144
- Estimated Expense Ratio: 0.297% 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 | $48,846 | — | $48,846 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |