Plan Snapshot
- Plan Sponsor: Riverside Management Services, INC.
- Sponsor EIN: 521241840
- Sponsor Address: 12420 WARWICK BLVD., NEWPORT NEWS, VA, 236063001
- Plan Type: 401(k)
- Total Participants: 8,159
- Total Assets: $314.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 8,159 | $314.0M | $18.8M | $0 |
| 2023 | 7,812 | $275.1M | $17.6M | $0 |
| 2022 | 7,400 | $232.2M | $15.8M | $0 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $426,629 | — | $426,629 |
| PBMARES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PBMARES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $426,629
- Estimated Expense Ratio: 0.136% 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 | $426,945 | — | $426,945 | — | — |
| 2023 | $379,835 | — | $379,775 | — | — |
| 2022 | $507,680 | $66,647 | $441,033 | — | — |