Plan Snapshot
- Plan Sponsor: The Vincit Company, LLC
- Sponsor EIN: 621723130
- Sponsor Address: 412 GEORGIA AVE., SUITE 300, CHATTANOOGA, TN, 37403
- Plan Type: 401(k)
- Total Participants: 1,412
- Total Assets: $19.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,412 | $19.2M | $249,315 | $1.7M |
| 2023 | 5,576 | $17.5M | $488,867 | $1.4M |
| 2022 | 10,309 | $13.8M | $308,727 | $1.2M |
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 CO | CONTRACT ADMINISTRATOR | $81,457 | — | $81,457 |
| ERISA SERVICES, INC. | CONTRACT ADMINISTRATOR | $55,181 | $8,705 | $63,886 |
| MERRILL LYNCH | CONSULTANT | $52,099 | $1,093 | $53,192 |
| LBMC, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERISA SERVICES, INC. — CONTRACT ADMINISTRATOR
- MERRILL LYNCH — CONSULTANT
- LBMC, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $198,535
- Estimated Expense Ratio: 1.035% 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 | $188,739 | — | $188,739 | — | — |
| 2023 | $157,844 | — | $157,844 | — | — |
| 2022 | $143,643 | $13,059 | $108,862 | — | $21,722 |