Plan Snapshot
- Plan Sponsor: Virtual Business Office Associates, INC
- Sponsor EIN: 203099659
- Sponsor Address: 1441 MAIN STREET, SUITE 890, COLUMBIA, SC, 29201
- Plan Type: 401(k)
- Total Participants: 729
- Total Assets: $3.7M
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 | 729 | $3.7M | $183,437 | $902,151 |
| 2023 | 721 | $2.5M | $151,411 | $726,667 |
| 2022 | 711 | $1.7M | $121,303 | $576,713 |
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 COMPANY | CONTRACT ADMINISTRATOR | $58,332 | — | $58,332 |
| BAUKNIGHT PIETRAS & STOR | ACCOUNTANT | $17,287 | — | $17,287 |
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $7,085 | $9 | $7,094 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAUKNIGHT PIETRAS & STOR — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,713
- Estimated Expense Ratio: 2.208% 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 | $82,704 | $2,834 | $58,332 | $17,287 | — |
| 2023 | $84,434 | $1,574 | $58,212 | $22,287 | — |
| 2022 | $48,532 | $1,588 | $36,561 | — | $10,383 |