Plan Snapshot
- Plan Sponsor: Spn Solutions INC
- Sponsor EIN: 455448717
- Sponsor Address: 10565 FAIRFAX BLVD STE 203, FAIRFAX, VA, 22030
- Plan Type: 401(k)
- Total Participants: 23
- Total Assets: $1.6M
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 | 23 | $1.6M | $56,814 | $74,037 |
| 2023 | 15 | $1.9M | $50,203 | $325,219 |
| 2022 | 91 | $1.5M | $148,194 | $352,922 |
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 |
|---|---|---|---|---|
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
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 | $598,661 | — | $20,107 | — | — |
| 2023 | $358,718 | — | $20,042 | — | — |
| 2022 | $7,726 | $17 | — | — | — |