Plan Snapshot
- Plan Sponsor: R&K Enterprise Solutions, INC.
- Sponsor EIN: 208461691
- Sponsor Address: 11830 CANON BLVD STE D, NEWPORT NEWS, VA, 23606
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 169
- Total Assets: $10.2M
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. |
|---|---|---|---|---|
| 2025 | 169 | $10.2M | $0 | $0 |
| 2024 | 109 | $7.9M | $293,124 | $837,178 |
| 2023 | 61 | $7.0M | $321,886 | $850,245 |
| 2022 | 141 | $6.4M | $289,478 | $741,318 |
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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | Recordkeeper | $32,269 | — | $32,269 |
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $21,747 | — | $21,747 |
| SC&H ATTEST SERVICES PC | Auditor | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,016
- Estimated Expense Ratio: 0.579% 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 |
|---|---|---|---|---|---|
| 2025 | $541,582 | — | — | — | — |
| 2024 | $72,551 | $17,921 | $9,439 | — | — |
| 2023 | $66,209 | $17,298 | — | — | — |
| 2022 | $81,635 | $35,872 | $45,763 | — | — |