Plan Snapshot
- Plan Sponsor: Source 4 Solutions LLC
- Sponsor EIN: 272096985
- Sponsor Address: 2160 LAKESIDE CENTRE WAY STE 302, KNOXVILLE, TN, 379220201
- Plan Type: 401(k)
- Total Participants: 111,388
- Total Assets: $10.2M
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 | 111,388 | $10.2M | $429,284 | $2.4M |
| 2023 | 86,021 | $6.2M | $210,657 | $1.5M |
| 2022 | 45,445 | $4.2M | $0 | $1.0M |
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 |
|---|---|---|---|---|
| PAYCHEX, INC. | RECORDKEEPER | $27,517 | — | $27,517 |
| ERISA FIDUCIARY SERVICES, INC. | CONTRACT ADMINISTRATOR | $6,050 | — | $6,050 |
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,567
- Estimated Expense Ratio: 0.328% 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 | $38,492 | $4,053 | $33,579 | — | — |
| 2023 | $24,549 | $2,549 | $21,140 | — | — |
| 2022 | $30,211 | $2,017 | $28,194 | — | — |