Plan Snapshot
- Plan Sponsor: Thor Solutions, LLC
- Sponsor EIN: 263309139
- Sponsor Address: 1 COLUMBUS CENTER #702, VIRGINIA BEACH, VA, 23462
- Plan Type: 401(k)
- Total Participants: 187
- Total Assets: $7.9M
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 | 187 | $7.9M | $508,312 | $1.0M |
| 2023 | 155 | $6.5M | $424,168 | $814,756 |
| 2022 | 142 | $5.3M | $332,958 | $649,044 |
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 |
|---|---|---|---|---|
| THE ASCENT GROUP LLC | ADVISOR | $23,654 | — | $23,654 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $17,650 | — | $17,650 |
| CHARLES W. SNADER, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- CHARLES W. SNADER, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,304
- Estimated Expense Ratio: 0.521% 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 | $41,304 | $23,654 | — | — | — |
| 2023 | $27,635 | $14,999 | — | — | — |
| 2022 | $42,777 | — | — | — | — |