Plan Snapshot
- Plan Sponsor: Value Added Solutions, INC.
- Sponsor EIN: 203912625
- Sponsor Address: 237 HIGH GATE LOOP, AIKEN, SC, 29803
- Plan Type: 401(k)
- Total Participants: 177
- Total Assets: $10.7M
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 | 177 | $10.7M | $468,510 | $1.4M |
| 2023 | 182 | $11.0M | $674,479 | $2.0M |
| 2022 | 293 | $11.9M | $871,015 | $2.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $44,128 | — | $44,128 |
| CETERA INVESTMENTS ADVISERS LLC | Investment Advisor | $22,917 | — | $22,917 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $13,350 | — | $13,350 |
| NOVA 401(K) ASSOCIATES | Other Service Provider | $1,000 | $10,000 | $11,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,395
- Estimated Expense Ratio: 0.852% 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 | $83,578 | — | $83,578 | — | — |
| 2023 | $86,790 | $80,335 | — | — | — |
| 2022 | $82,712 | — | $82,712 | — | — |