Plan Snapshot
- Plan Sponsor: Gennext Media, INC.
- Sponsor EIN: 263405573
- Sponsor Address: 8619 WESTWOOD CENTER DRIVE, VIENNA, VA, 22182
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $2.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 142 | $2.5M | $119,667 | $474,204 |
| 2023 | 123 | $1.9M | $82,132 | $476,233 |
| 2022 | 155 | $1.4M | $87,257 | $541,874 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $29,556 | — | $29,556 |
| NFP RETIREMENT INC | Investment Advisor | — | $10,053 | $10,053 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,609
- Estimated Expense Ratio: 1.577% 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 | $29,808 | $369 | $28,939 | — | — |
| 2023 | $21,841 | — | $21,091 | — | — |
| 2022 | $14,820 | — | — | — | — |