# Groundworks Operations, LLC 401(k) Plan
Source: https://planprovider.pro/companies/groundworks-operations-llc-401k-plan

> Groundworks Operations, LLC's 401(k) plan: 3,197 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Groundworks Operations, LLC

- **Sponsor EIN:** 812191541

- **Sponsor Address:** 1741 CORPORATE LANDING PARKWAY, VIRGINIA BEACH, VA, 234545929

- **Plan Type:** 401(k)

- **Total Participants:** 3,197

- **Total Assets:** $62.5M

## 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|3,197|$62.5M|$5.1M|$9.2M|

| 2023|2,744|$46.7M|$4.3M|$7.5M|

| 2022|2,351|$31.1M|$3.2M|$5.9M|

## 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|

| JOHN HANCOCK RETIREMENT PLAN SERVIC|RECORDKEEPER|$102,520|—|$102,520|

| KESTRA INVESTMENT SERVICES LLC|INVESTMENT ADVISOR|$50,000|—|$50,000|

| WELLS, COLEMAN & COMPANY, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [JOHN HANCOCK RETIREMENT PLAN SERVIC](https://planprovider.pro/provider/john-hancock) — RECORDKEEPER

- [WELLS, COLEMAN & COMPANY, LLP](https://planprovider.pro/provider/wellscoleman) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $152,520

- **Estimated Expense Ratio:** 0.244% 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|$209,889|—|—|—|—|

| 2023|$173,233|$50,000|$28,208|—|—|

| 2022|$166,924|—|$145,336|—|$21,588|

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