Plan Snapshot
- Plan Sponsor: Orange Business Services
- Sponsor EIN: 582261454
- Sponsor Address: 11921 FREEDOM PARKWAY, RESTON, VA, 20190
- Plan Type: 401(k)
- Total Participants: 494
- Total Assets: $473.8M
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 | 494 | $473.8M | $1.6M | $6.2M |
| 2023 | 517 | $451.5M | $1.9M | $6.4M |
| 2022 | 549 | $407.3M | $2.1M | $6.7M |
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 |
|---|---|---|---|---|
| EDELMAN FINANCIAL ENGINES | Other Service Provider | $142,546 | — | $142,546 |
| TROUTMAN PEPPER LLC | Other Service Provider | $121,970 | — | $121,970 |
| MERCER | Other Service Provider | $119,178 | — | $119,178 |
| T ROWE PRICE RPS INC | Other Service Provider | $102,457 | — | $102,457 |
| CITRIN COOPERMAN | Other Service Provider | $50,925 | — | $50,925 |
| MICHAEL BERG CONSULTING, LLC | Other Service Provider | $12,595 | — | $12,595 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $549,671
- Estimated Expense Ratio: 0.116% 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 | $696,087 | $142,546 | — | $50,925 | — |
| 2023 | $590,199 | $129,602 | — | $50,925 | — |
| 2022 | $696,063 | $139,581 | — | — | $321,968 |