Plan Snapshot
- Plan Sponsor: St. Michael'S, INC.
- Sponsor EIN: 205146971
- Sponsor Address: 13580 GROUPE, SUITE 201, WOODBRIDGE, VA, 22192
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $10.8M
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 | 109 | $10.8M | $411,173 | $1.0M |
| 2023 | 126 | $9.7M | $464,454 | $1.1M |
| 2022 | 142 | $8.3M | $430,226 | $1.1M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPING & INFO MGMT | $28,771 | — | $28,771 |
| EDWARD D. JONES & CO, L.P. | RIA | $15,873 | — | $15,873 |
| DAVIDSON, DOYLE & HILTON, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPING & INFO MGMT
- DAVIDSON, DOYLE & HILTON, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,644
- Estimated Expense Ratio: 0.412% 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 | $49,588 | $17,989 | $28,771 | — | — |
| 2023 | $56,686 | $23,885 | $29,138 | — | — |
| 2022 | $59,655 | $22,719 | $2,862 | — | $34,074 |