Plan Snapshot
- Plan Sponsor: First Information Technology Services, INC.
- Sponsor EIN: 541949711
- Sponsor Address: 2461 SOUTH CLARK STREET, SUITE 830, ARLINGTON, VA, 22202
- Plan Type: 401(k)
- Total Participants: 79
- Total Assets: $5.5M
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 | 79 | $5.5M | $0 | $659,406 |
| 2023 | 152 | $5.1M | $0 | $0 |
| 2022 | 96 | $3.8M | $190,222 | $597,885 |
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 |
|---|---|---|---|---|
| VESTWELL | RECORDKEEPER | $15,323 | — | $15,323 |
| HOWSER & ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VESTWELL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,323
- Estimated Expense Ratio: 0.279% 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 | $29,218 | $13,895 | — | — | — |
| 2023 | $8,496 | — | — | — | — |
| 2022 | $15,461 | — | — | — | — |