Plan Snapshot
- Plan Sponsor: Global Solutions Network, INC.
- Sponsor EIN: 541935835
- Sponsor Address: 121 CONGRESSIONAL LANE, STE 302, ROCKVILLE, MD, 20852
- Plan Type: 401(k)
- Total Participants: 102
- Total Assets: $15.8M
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 | 102 | $15.8M | $641,605 | $597,730 |
| 2023 | 122 | $14.6M | $717,500 | $650,446 |
| 2022 | 141 | $13.1M | $899,751 | $763,201 |
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 |
|---|---|---|---|---|
| SCP RETIREMENT SERVICES LLC | Recordkeeper | $8,200 | $7,257 | $15,457 |
| MORNINGSTAR | Recordkeeper | — | $7,517 | $7,517 |
| VOYA RETIREMENT INSURANCE AND ANNUI | Other Service Provider | — | $7,517 | $7,517 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $7,475 | — | $7,475 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORNINGSTAR — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,966
- Estimated Expense Ratio: 0.240% 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 | $22,154 | $7,754 | $12,500 | — | — |
| 2023 | $20,742 | — | $20,742 | — | — |
| 2022 | $21,092 | — | $21,092 | — | — |