# Prospect Waterproofing Company 401(k) Plan
Source: https://planprovider.pro/companies/prospect-waterproofing-company-401k-plan

> Prospect Waterproofing Company&#39;s 401(k) plan: 380 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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