Plan Snapshot
- Plan Sponsor: Edgewater Federal Solutions, INC.
- Sponsor EIN: 710928230
- Sponsor Address: 5280 CORPORATE DRIVE, FREDERICK, MD, 21703
- Plan Type: 401(k)
- Total Participants: 569
- Total Assets: $37.4M
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 | 569 | $37.4M | $2.0M | $4.2M |
| 2023 | 550 | $30.4M | $1.9M | $4.2M |
| 2022 | 512 | $22.9M | $1.8M | $3.5M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $16,118 | — | $16,118 |
| BEACON RPC LLC | Investment Advisor | $11,163 | — | $11,163 |
| ENVESTNET RETIREMENT SOLUTIONS LLC | Investment Advisor | $6,573 | — | $6,573 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
- ENVESTNET RETIREMENT SOLUTIONS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,854
- Estimated Expense Ratio: 0.091% 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 | $15,048 | $16,118 | — | — | — |
| 2023 | $19,968 | $27,766 | — | — | — |
| 2022 | $11,367 | $8,869 | — | — | — |