Plan Snapshot
- Plan Sponsor: The Building People, LLC
- Sponsor EIN: 454839699
- Sponsor Address: 215 DEPOT COURT SE, LEESBURG, VA, 20175
- Plan Type: 401(k)
- Total Participants: 443
- Total Assets: $11.9M
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 | 443 | $11.9M | $812,561 | $1.7M |
| 2023 | 391 | $7.2M | $706,650 | $1.3M |
| 2022 | 340 | $5.0M | $515,771 | $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 |
|---|---|---|---|---|
| VALMARK ADVISERS INC | INVESTMENT ADVISOR | $36,574 | — | $36,574 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $23,580 | — | $23,580 |
| EMPOWER ADVISORY GROUP LLC | INVESTMENT MGMT | $21,773 | — | $21,773 |
| BENCHMARK RETIREMENT PLAN SERVICES | CONTRACT ADMIN | $4,521 | $9,003 | $13,524 |
| SIKICH CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,451
- Estimated Expense Ratio: 0.803% 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 | $87,923 | — | $87,923 | — | — |
| 2023 | $58,142 | — | $58,142 | — | — |
| 2022 | $47,947 | — | $47,947 | — | — |