Plan Snapshot
- Plan Sponsor: Employment Services, INC.
- Sponsor EIN: 541058176
- Sponsor Address: 4455 SOUTH BOULEVARD, SUITE 410, VIRGINIA BEACH, VA, 23452
- Plan Type: 401(k)
- Total Participants: 818
- Total Assets: $14.2M
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 | 818 | $14.2M | $282,564 | $1.4M |
| 2023 | 543 | $13.1M | $310,323 | $1.5M |
| 2022 | 682 | $11.5M | $370,480 | $1.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $74,149 | — | $74,149 |
| BARNES TPA & ASSOCIATES, LLC | TPA | $45,817 | $2,524 | $48,341 |
| CAMBRIDGE INVESTMENT RESEARCH ADVIS | INVESTMENT ADVISORY0 | — | $32,845 | $32,845 |
| MCCLINTOCK & ASSOCIATES, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCCLINTOCK & ASSOCIATES, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $155,335
- Estimated Expense Ratio: 1.095% 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 | $119,964 | — | $119,964 | — | — |
| 2023 | $107,263 | — | $107,263 | — | — |
| 2022 | $114,039 | — | $87,413 | — | $26,626 |