Plan Snapshot
- Plan Sponsor: Michael & Son Services, INC.
- Sponsor EIN: 541482298
- Sponsor Address: 5740 GENERAL WASHINGTON DR, ALEXANDRIA, VA, 223122407
- Plan Type: 401(k)
- Total Participants: 501
- Total Assets: $14.7M
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 | 501 | $14.7M | $674,210 | $1.3M |
| 2023 | 509 | $12.2M | $614,367 | $1.2M |
| 2022 | 574 | $9.4M | $593,471 | $1.2M |
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 |
|---|---|---|---|---|
| COHNREZNICK, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $150,229 | $25,673 | $98,883 | — | — |
| 2023 | $116,878 | $19,557 | $77,940 | — | — |
| 2022 | $106,527 | $17,876 | $70,775 | — | $17,876 |