Plan Snapshot
- Plan Sponsor: System High Corporation
- Sponsor EIN: 203836817
- Sponsor Address: 15059 CONFERENCE CENTER DR, CHANTILLY, VA, 201513845
- Plan Type: 401(k)
- Total Participants: 572
- Total Assets: $44.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 572 | $44.8M | $2.6M | $6.0M |
| 2023 | 423 | $33.8M | $1.8M | $4.2M |
| 2022 | 382 | $26.1M | $1.6M | $4.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $105,941 | — | $105,941 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $68,679 | $40 | $68,719 |
| THE RETIREMENT ADVANTAGE, INC. | Other Service Provider | — | $9,486 | $9,486 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $184,146
- Estimated Expense Ratio: 0.411% 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 | $174,620 | $38,155 | $105,941 | — | — |
| 2023 | $128,955 | $27,628 | $79,225 | — | — |
| 2022 | $133,280 | $38,056 | $69,853 | — | $25,371 |