Plan Snapshot
- Plan Sponsor: Riseit Solutions, INC.
- Sponsor EIN: 814628339
- Sponsor Address: 16803 DALLAS PKWY, ADDISON, TX, 75001
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 375
- Total Assets: $15.0M
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 | 375 | $15.0M | $0 | $0 |
| 2024 | 320 | $14.1M | $0 | $1.2M |
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 |
|---|---|---|---|---|
| LPL FINANCIAL LLC - RPCP | Investment Advisor | — | $32,094 | $32,094 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $17,408 | — | $17,408 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,502
- Estimated Expense Ratio: 0.330% 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 | $2,276,427 | — | $17,408 | — | — |
| 2024 | $31,096 | — | $31,096 | — | — |