Plan Snapshot
- Plan Sponsor: Rand Construction Corporation
- Sponsor EIN: 541506165
- Sponsor Address: 1029 NORTH ROYAL STREET, ALEXANDRIA, VA, 22314
- Plan Type: 401(k)
- Total Participants: 334
- Total Assets: $27.0M
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 | 334 | $27.0M | $1.0M | $2.8M |
| 2023 | 316 | $22.1M | $893,859 | $2.5M |
| 2022 | 287 | $15.6M | $665,802 | $2.1M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $52,819 | — | $52,819 |
| LION STREET ADVISORS, LLC | INVESTMENT/FINANCIAL ADVI | $43,906 | — | $43,906 |
| BAKER TILLY US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- LION STREET ADVISORS, LLC — INVESTMENT/FINANCIAL ADVI
- BAKER TILLY US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,725
- Estimated Expense Ratio: 0.358% 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 | $96,725 | $43,906 | — | — | — |
| 2023 | $81,289 | $36,852 | — | — | — |
| 2022 | $74,563 | — | — | — | — |