Plan Snapshot
- Plan Sponsor: Vis, LLC
- Sponsor EIN: 201871963
- Sponsor Address: 1491 E POINSETT ST EXT, GREER, SC, 29651
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 127
- Total Assets: $49,108
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 127 | $49,108 | $1.1M | $704,133 |
| 2023 | 134 | $108,680 | $1.1M | $735,188 |
| 2022 | 123 | $192,819 | $295,846 | $222,390 |
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 |
|---|---|---|---|---|
| WELLNET HEALTHCARE ADMINISTRATORS, | Other Service Provider | $78,009 | — | $78,009 |
| IMA FINANCIAL GROUP (ECM SOLUTIONS) | Investment Advisor | $54,050 | — | $54,050 |
| E. K. MCCONKEY & CO., INC. | Investment Advisor | $23,835 | — | $23,835 |
| THE BENECON GROUP, LLC | Investment Advisor | $23,835 | — | $23,835 |
| PLANNED ADMINISTRATORS, INC | Other Service Provider | $8,812 | — | $8,812 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $188,541
- Estimated Expense Ratio: 383.931% 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 | $604,322 | — | $604,322 | — | — |
| 2023 | $577,256 | — | $577,256 | — | — |
| 2022 | $175,623 | — | $175,623 | — | — |