Plan Snapshot
- Plan Sponsor: Securityinspection.Com, INC. Dba Solvit, INC.
- Sponsor EIN: 383572313
- Sponsor Address: 2831 RESEARCH DR., ROCHESTER HILLS, MI, 48309
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 105
- Total Assets: $10.6M
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 | 105 | $10.6M | $0 | $0 |
| 2024 | 89 | $9.0M | $186,865 | $486,671 |
| 2023 | 91 | $7.7M | $175,616 | $450,986 |
| 2022 | 83 | $6.2M | $175,791 | $473,117 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH | Investment Advisor | $23,361 | — | $23,361 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,361
- Estimated Expense Ratio: 0.221% 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 | $767,978 | $23,361 | $22,610 | — | — |
| 2024 | $43,480 | $21,074 | $20,781 | — | — |
| 2023 | $38,751 | $17,007 | $18,619 | — | — |
| 2022 | $36,521 | $15,535 | $19,336 | — | — |