Plan Snapshot
- Plan Sponsor: Network Designs, INC.
- Sponsor EIN: 541297075
- Sponsor Address: 1651 OLD MEADOW ROAD, MCLEAN, VA, 221024308
- Plan Type: 401(k)
- Total Participants: 199
- Total Assets: $21.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 199 | $21.3M | $649,764 | $2.3M |
| 2023 | 188 | $18.3M | $502,675 | $1.8M |
| 2022 | 136 | $14.0M | $274,462 | $993,502 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $86,121 | — | $86,121 |
| SECURITIES AMERICA, INC. | OTHER SERVICES | — | $31,085 | $31,085 |
| UNIGLOBAL PENSION PLANNING, INC. | CONTRACT ADMINISTRATOR | $3,080 | $8,505 | $11,585 |
| OSAIC WEALTH INC. | OTHER SERVICES | — | $11,442 | $11,442 |
| SC&H ATTEST SERVICES, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- OSAIC WEALTH INC. — OTHER SERVICES
- SC&H ATTEST SERVICES, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $140,233
- Estimated Expense Ratio: 0.659% 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 | $88,982 | — | $88,982 | — | — |
| 2023 | $44,111 | — | $44,111 | — | — |
| 2022 | — | — | — | — | — |