Plan Snapshot
- Plan Sponsor: Probity, INC.
- Sponsor EIN: 472933881
- Sponsor Address: 754 ELDEN STREET, STE 201, HERNDON, VA, 20170
- Plan Type: 401(k)
- Total Participants: 143
- Total Assets: $50.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 143 | $50.5M | $2.7M | $2.1M |
| 2023 | 144 | $42.7M | $2.4M | $1.9M |
| 2022 | 136 | $33.6M | $2.2M | $1.7M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $124,577 | — | $124,577 |
| AMERIPRISE FINANCIAL SERVICES INC | OTHER SERVICES | — | $55,479 | $55,479 |
| AMERIPRISE FINANCIAL SERVICES INC | OTHER SERVICES | — | $33,029 | $33,029 |
| NEWPORT GROUP INC | OTHER SERVICES | — | $22,654 | $22,654 |
| LOMBARDO AYERS & COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERIPRISE FINANCIAL SERVICES INC — OTHER SERVICES
- AMERIPRISE FINANCIAL SERVICES INC — OTHER SERVICES
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $235,739
- Estimated Expense Ratio: 0.467% 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 | $124,577 | — | $124,577 | — | — |
| 2023 | $11,950 | — | $11,950 | — | — |
| 2022 | $2,928 | — | $2,928 | — | — |