Plan Snapshot
- Plan Sponsor: Management Consulting, INC.
- Sponsor EIN: 541244651
- Sponsor Address: 1961 DIAMOND SPRINGS RD, VIRGINIA BEACH, VA, 234552319
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 495
- Total Assets: $363,109
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 495 | $363,109 | $3.9M | $419,926 |
| 2023 | 496 | $328,047 | $3.4M | $378,462 |
| 2022 | 518 | $659,056 | $2.8M | $412,448 |
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 |
|---|---|---|---|---|
| ANTHEM HEALTH PLANS OF VIRGINIA | Recordkeeper | $76,435 | $209,416 | $285,851 |
| HEALTHKEEPERS, INC. | Recordkeeper | — | $225,832 | $225,832 |
| USI INSURANCE SERVICES LLC | Investment Advisor | — | $33,266 | $33,266 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ANTHEM HEALTH PLANS OF VIRGINIA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $544,949
- Estimated Expense Ratio: 150.079% 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 | $293,838 | — | $259,636 | $17,700 | — |
| 2023 | $289,909 | — | $265,776 | $13,800 | — |
| 2022 | $330,479 | — | $311,302 | — | $11,800 |