Plan Snapshot
- Plan Sponsor: Prospect Waterproofing Company
- Sponsor EIN: 541646622
- Sponsor Address: 118 ACACIA IN, STERLING, VA, 20166
- Plan Type: 401(k)
- Total Participants: 380
- Total Assets: $16.7M
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 | 380 | $16.7M | $1.0M | $409,511 |
| 2023 | 404 | $15.3M | $828,776 | $398,876 |
| 2022 | 428 | $12.8M | $859,952 | $362,673 |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $73,383 | — | $73,383 |
| ONE DIGITAL INVESTMENT ADVISORS | NONE | $37,648 | — | $37,648 |
| GROSS MENDELSOHN & ASSOCIATES, P.A | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $111,031
- Estimated Expense Ratio: 0.663% 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 | $111,031 | $37,648 | $73,383 | — | — |
| 2023 | $104,084 | $34,684 | $69,400 | — | — |
| 2022 | $104,657 | $33,765 | $70,892 | — | — |