# Riverside Management Services, INC. 403(b) Plan
Source: https://planprovider.pro/companies/riverside-management-services-inc-403b-plan

> Riverside Management Services, INC.&#39;s 403(b) plan: 10,238 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Riverside Management Services, INC.

- **Sponsor EIN:** 521241840

- **Sponsor Address:** 12420 WARWICK BLVD., NEWPORT NEWS, VA, 236063001

- **Plan Type:** 403(b)

- **Total Participants:** 10,238

- **Total Assets:** $463.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** Yes

- **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|10,238|$463.2M|$451,975|$44.7M|

| 2023|9,883|$391.7M|$581,178|$40.6M|

| 2022|9,363|$314.0M|$615,788|$37.0M|

## 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|$615,641|—|$615,641|

| PBMARES, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [PBMARES, LLP](https://planprovider.pro/provider/pbmares-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $615,641

- **Estimated Expense Ratio:** 0.133% 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|$616,760|—|$616,654|—|—|

| 2023|$510,453|—|$510,344|—|—|

| 2022|$587,776|—|$587,745|—|—|

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