Plan Snapshot
- Plan Sponsor: Sky Solutions LLC
- Sponsor EIN: 262141426
- Sponsor Address: 13921 PARK CENTER RD,, HERNDON, VA, 20171
- Plan Type: 401(k)
- Total Participants: 155
- Total Assets: $10.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 155 | $10.0M | $906,659 | $1.1M |
| 2023 | 146 | $6.9M | $1.4M | $1.1M |
| 2022 | 137 | $3.7M | $904,913 | $791,894 |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT ADVISORY LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $4,290 | — | $4,290 | — | — |
| 2023 | $9,541 | — | $2,505 | — | — |
| 2022 | — | — | — | — | — |