Plan Snapshot
- Plan Sponsor: Strategic Alliance Business Group
- Sponsor EIN: 743145141
- Sponsor Address: 4114 LEGATO ROAD, SUITE 410, FAIRFAX, VA, 22033
- Plan Type: 401(k)
- Total Participants: 313
- Total Assets: $26.6M
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 | 313 | $26.6M | $1.6M | $2.7M |
| 2023 | 288 | $19.6M | $1.3M | $2.0M |
| 2022 | 218 | $13.8M | $1.1M | $1.9M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $61,237 | — | $61,237 |
| VOYA FINANCIAL ADVISORS, INC | SERVICE PROVIDER | — | $34,396 | $34,396 |
| SC&H ATTEST SERVICES, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VOYA FINANCIAL ADVISORS, INC — SERVICE PROVIDER
- SC&H ATTEST SERVICES, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,633
- Estimated Expense Ratio: 0.360% 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 | $61,237 | — | $60,087 | — | — |
| 2023 | $38,940 | — | $38,290 | — | — |
| 2022 | $35,756 | — | — | — | — |