Plan Snapshot
- Plan Sponsor: Teksolv, INC.
- Sponsor EIN: 522040486
- Sponsor Address: 130 EXECUTIVE DRIVE, SUITE 5, NEWARK, DE, 19702
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 32
- Total Assets: $23,742
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 32 | $23,742 | $239,548 | $237,475 |
| 2023 | 26 | $57,721 | $246,347 | $206,628 |
| 2022 | 36 | $43,393 | $254,507 | $181,037 |
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 |
|---|---|---|---|---|
| HIGHMARK OF DELAWARE | Other Service Provider | $16,255 | — | $16,255 |
| IFS BENEFITS, LLC | Investment Advisor | $13,570 | — | $13,570 |
| THE BENECON GROUP | Investment Advisor | $8,523 | — | $8,523 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,348
- Estimated Expense Ratio: 161.520% 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 | $287,716 | — | — | — | — |
| 2023 | $680,833 | — | — | — | — |
| 2022 | $413,658 | — | — | — | — |