Plan Snapshot
- Plan Sponsor: Homefix Custom Remodeling Corp
- Sponsor EIN: 521685937
- Sponsor Address: 14880 SWEITZER LN, LAUREL, MD, 20707
- Plan Type: 401(k)
- Total Participants: 88
- Total Assets: $4.4M
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 | 88 | $4.4M | $223,454 | $585,919 |
| 2023 | 218 | $3.6M | $204,256 | $532,230 |
| 2022 | 212 | $2.6M | $153,783 | $474,859 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO. | Recordkeeper | $18,238 | — | $18,238 |
| OSAIC WEALLTH INC. | Investment Advisor | $15,651 | — | $15,651 |
| EMPOWER ADVISORY GROUP | Other Service Provider | $5,500 | — | $5,500 |
| PRIME BENEFITS, INC | Other Service Provider | $1,351 | $3,913 | $5,264 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,653
- Estimated Expense Ratio: 1.015% 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 | $40,587 | — | — | — | — |
| 2023 | $30,400 | — | — | — | — |
| 2022 | $23,712 | — | — | — | — |