Plan Snapshot
- Plan Sponsor: Sila Solutions Group
- Sponsor EIN: 201131549
- Sponsor Address: 774A WALKER ROAD, GREAT FALLS, VA, 220662648
- Plan Type: 401(k)
- Total Participants: 48
- Total Assets: $21.8M
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. |
|---|---|---|---|---|
| 2024 | 48 | $21.8M | $243,567 | $894,454 |
| 2023 | 71 | $19.4M | $306,641 | $916,229 |
| 2022 | 63 | $15.4M | $238,032 | $886,063 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | INV ADVISORY - PLAN | $51,904 | — | $51,904 |
| TRANSAMERICA RETIREMENT SOLUTIONS | CUSTODIAN / RECORDKEEPER | $39,552 | — | $39,552 |
| KAISER SCHERER & SCHLEGEL, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — INV ADVISORY - PLAN
- TRANSAMERICA RETIREMENT SOLUTIONS — CUSTODIAN / RECORDKEEPER
- KAISER SCHERER & SCHLEGEL, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,456
- Estimated Expense Ratio: 0.420% 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 | $155,351 | — | — | — | — |
| 2023 | $57,722 | $24,461 | — | $13,905 | — |
| 2022 | $35,531 | — | — | — | — |