Plan Snapshot
- Plan Sponsor: Riverside Managment Services, INC
- Sponsor EIN: 521241840
- Sponsor Address: 12420 WARWICK BOULEVARD, NEWPORT NEWS, VA, 23606
- Plan Type: DB
- Total Participants: 1,767
- Total Assets: $538.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,767 | $538.8M | $19.7M | $0 |
| 2023 | 1,834 | $567.5M | $14.6M | $0 |
| 2022 | 1,921 | $525.5M | $5.5M | $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 |
|---|---|---|---|---|
| MERCER INVESTMENTS LLC | OTHER | $951,939 | $669,528 | $1,621,467 |
| PRINCIPAL COSTODIAL SOLUTIONS | TRUSTEE | $341,360 | — | $341,360 |
| PBMARES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRINCIPAL COSTODIAL SOLUTIONS — TRUSTEE
- PBMARES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,962,827
- Estimated Expense Ratio: 0.364% 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 | $6,442,960 | $951,939 | — | — | — |
| 2023 | $5,848,563 | — | $133,859 | — | — |
| 2022 | $1,133,403 | — | $1,133,403 | — | — |