Plan Snapshot
- Plan Sponsor: Gap Solutions, INC.
- Sponsor EIN: 541903817
- Sponsor Address: 205 VAN BUREN ST, STE 205, HERNDON, VA, 20170
- Plan Type: 401(k)
- Total Participants: 706
- Total Assets: $21.9M
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 | 706 | $21.9M | $1.5M | $2.8M |
| 2023 | 578 | $18.6M | $1.4M | $2.2M |
| 2022 | 691 | $15.5M | $1.2M | $1.9M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS, | RECORDKEEPER | $112,649 | — | $112,649 |
| THE RETIREMENT ADVANTAGE, INC. | RECORD KEEPER | $22,394 | $118 | $22,512 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS, — RECORDKEEPER
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $135,161
- Estimated Expense Ratio: 0.618% 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 | $135,043 | — | $135,043 | — | — |
| 2023 | $169,903 | — | $169,903 | — | — |
| 2022 | $93,224 | — | $93,224 | — | — |