Plan Snapshot
- Plan Sponsor: Interchange Group, INC.
- Sponsor EIN: 541965308
- Sponsor Address: 1346 PLEASANTS DRIVE, SUITE 6, HARRISONBURG, VA, 228013852
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 401
- Total Assets: $11.3M
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. |
|---|---|---|---|---|
| 2025 | 401 | $11.3M | $0 | $0 |
| 2024 | 381 | $9.8M | $539,698 | $830,924 |
| 2023 | 323 | $8.1M | $504,105 | $748,105 |
| 2022 | 361 | $6.8M | $379,336 | $577,632 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $40,285 | — | $40,285 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $24,383 | — | $24,383 |
| CORPORATE PLANS & SERVICES, INC. | Recordkeeper | $250 | $5,070 | $5,320 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,988
- Estimated Expense Ratio: 0.621% 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 |
|---|---|---|---|---|---|
| 2025 | $1,402,019 | — | — | — | — |
| 2024 | $31,981 | — | — | — | — |
| 2023 | $59,387 | $41,923 | $11,709 | — | — |
| 2022 | $46,574 | $32,376 | $14,198 | — | — |