Plan Snapshot
- Plan Sponsor: Naval Systems, INC.
- Sponsor EIN: 522438690
- Sponsor Address: 21513 GREAT MILLS ROAD, LEXINGTON PARK, MD, 20653
- Plan Type: 401(k)
- Total Participants: 343
- Total Assets: $22.9M
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 | 343 | $22.9M | $1.1M | $2.9M |
| 2023 | 335 | $18.5M | $950,538 | $2.6M |
| 2022 | 336 | $13.6M | $820,077 | $2.2M |
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 |
|---|---|---|---|---|
| ONE DIGITAL INVESTMENT ADVISORS | Other Service Provider | $65,048 | — | $65,048 |
| ASCENSUS LLC | Other Service Provider | $58,710 | — | $58,710 |
| NEXTCAPITAL GROUP, INC. | Other Service Provider | $6,277 | — | $6,277 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $130,035
- Estimated Expense Ratio: 0.568% 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 | $130,035 | $71,325 | $58,710 | — | — |
| 2023 | $104,514 | $53,563 | $50,951 | — | — |
| 2022 | $121,400 | $50,898 | $70,502 | — | — |