Plan Snapshot
- Plan Sponsor: Seventh Sense Consulting, LLC
- Sponsor EIN: 454768424
- Sponsor Address: 14626 CROSSFIELD WAY, WOODBRIDGE, VA, 221914077
- Plan Type: 401(k)
- Total Participants: 188
- Total Assets: $10.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2024 | 188 | $10.5M | $484,219 | $1.2M |
| 2023 | 211 | $9.0M | $540,234 | $1.4M |
| 2022 | 207 | $6.8M | $569,903 | $1.3M |
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 PIERCE FENNER & SMITH | CONSULTANT | $39,588 | $16 | $39,604 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $36,203 | — | $36,203 |
| BRONTIDE LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BRONTIDE LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,807
- Estimated Expense Ratio: 0.720% 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 | $75,792 | $19,794 | $36,204 | — | — |
| 2023 | $59,997 | $15,565 | $28,858 | — | — |
| 2022 | $50,955 | $13,022 | $24,911 | — | $13,022 |