Plan Snapshot
- Plan Sponsor: Joint Research And Development, LLC
- Sponsor EIN: 421633797
- Sponsor Address: 50 TECH PARKWAY, STE. 209, STAFFORD, VA, 22556
- Plan Type: 401(k)
- Total Participants: 191
- Total Assets: $22.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 191 | $22.7M | $666,280 | $1.6M |
| 2023 | 150 | $15.5M | $649,050 | $1.5M |
| 2022 | 158 | $12.3M | $609,851 | $1.5M |
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 |
|---|---|---|---|---|
| NATIONWIDE | RECORDKEEPER | $46,040 | — | $46,040 |
| CARY STREET PARTNERS | FINANCIAL ADVISOR | $18,000 | — | $18,000 |
| BROWN, EDWARDS & COMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — RECORDKEEPER
- CARY STREET PARTNERS — FINANCIAL ADVISOR
- BROWN, EDWARDS & COMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,040
- Estimated Expense Ratio: 0.283% 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 | $21,734 | — | — | — | — |
| 2023 | $60,710 | — | $33,117 | — | — |
| 2022 | $54,198 | $18,000 | $27,807 | — | $8,391 |