# Virtual Business Office Associates, INC 401(k) Plan
Source: https://planprovider.pro/companies/virtual-business-office-associates-inc-401k-plan

> Virtual Business Office Associates, INC's 401(k) plan: 729 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/bauknight-pietras-and-stormer-pa) — 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|

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