Plan Snapshot
- Plan Sponsor: Veterans Enterprise Technology Solutions, INC.
- Sponsor EIN: 202667870
- Sponsor Address: 134 COMMERCE DRIVE, CLARKSVILLE, VA, 23927
- Plan Type: 401(k)
- Total Participants: 55
- Total Assets: $6.3M
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 | 55 | $6.3M | $70,673 | $212,854 |
| 2023 | 54 | $6.3M | $136,584 | $234,726 |
| 2022 | 96 | $6.4M | $96,362 | $263,563 |
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 |
|---|---|---|---|---|
| CBIZ INVESTMENT ADVISORY SERVICES | Other Service Provider | — | $14,045 | $14,045 |
| CBIZ BENEFITS & INSURANCE SERVICES | Recordkeeper | — | $5,454 | $5,454 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,499
- Estimated Expense Ratio: 0.307% 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 | $40,299 | $836 | $38,713 | — | — |
| 2023 | $39,883 | — | $39,883 | — | — |
| 2022 | $37,590 | — | $37,590 | — | — |