Plan Snapshot
- Plan Sponsor: Soar365
- Sponsor EIN: 540629691
- Sponsor Address: 3600 SAUNDERS AVENUE, RICHMOND, VA, 23227
- Plan Type: 403(b)
- Total Participants: 281
- Total Assets: $7.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 281 | $7.7M | $516,926 | $740,886 |
| 2023 | 290 | $6.1M | $486,172 | $646,371 |
| 2022 | 282 | $4.4M | $469,841 | $554,065 |
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 LLP | 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 | $4,342 | — | $4,342 | — | — |
| 2023 | $11,134 | — | $11,134 | — | — |
| 2022 | $7,386 | — | $7,386 | — | — |