Plan Snapshot
- Plan Sponsor: Genex Systems LLC
- Sponsor EIN: 541981699
- Sponsor Address: 11848 ROCK LANDING DR STE 303, NEWPORT NEWS, VA, 236064425
- Plan Type: 401(k)
- Total Participants: 101
- Total Assets: $10.7M
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 | 101 | $10.7M | $341,357 | $867,896 |
| 2023 | 103 | $8.5M | $308,324 | $768,510 |
| 2022 | 86 | $6.4M | $245,708 | $562,607 |
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 |
|---|---|---|---|---|
| BROWN, EDWARDS & COMPANY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BROWN, EDWARDS & COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $22,360 | $725 | $20,775 | — | — |
| 2023 | $17,331 | $649 | $15,822 | — | — |
| 2022 | $15,559 | $593 | $14,966 | — | — |