# Sila Solutions Group 401(k) Plan
Source: https://planprovider.pro/companies/sila-solutions-group-401k-plan

> Sila Solutions Group&#39;s 401(k) plan: 48 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/global-retirement-partners-llc) — INV ADVISORY - PLAN

- [TRANSAMERICA RETIREMENT SOLUTIONS](https://planprovider.pro/provider/transamerica) — CUSTODIAN / RECORDKEEPER

- [KAISER SCHERER & SCHLEGEL, PLLC](https://planprovider.pro/provider/kaiser-scherer-and-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|—|—|—|—|

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