Plan Snapshot
- Plan Sponsor: Netcentrics Corporation
- Sponsor EIN: 541775788
- Sponsor Address: 205 VAN BUREN STREET,, HERNDON, VA, 20170
- Plan Type: 401(k)
- Total Participants: 41
- Total Assets: $11.8M
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 | 41 | $11.8M | $283,249 | $555,717 |
| 2023 | 105 | $11.9M | $426,476 | $932,844 |
| 2022 | 116 | $10.7M | $338,244 | $776,017 |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $33,949 | — | $33,949 |
| RESOURCES INVESTMENT ADVISORS, INC. | Recordkeeper | $33,449 | — | $33,449 |
| MORGAN STANLEY SMITH BARNEY | Investment Advisor | $6,318 | — | $6,318 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
- RESOURCES INVESTMENT ADVISORS, INC. — Recordkeeper
- MORGAN STANLEY SMITH BARNEY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,716
- Estimated Expense Ratio: 0.625% 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 | $73,716 | $39,767 | — | — | — |
| 2023 | $53,248 | $18,295 | — | — | — |
| 2022 | $57,325 | — | — | — | — |