Plan Snapshot
- Plan Sponsor: Vontier Business Services LLC
- Sponsor EIN: 852604205
- Sponsor Address: 5438 WADE PARK BLVD, RALEIGH, NC, 27607
- Plan Type: 401(k)
- Total Participants: 2,726
- Total Assets: $409.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,726 | $409.0M | $17.5M | $25.2M |
| 2023 | 3,022 | $397.7M | $16.9M | $25.2M |
| 2022 | 2,314 | $325.5M | $14.1M | $20.1M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $146,153 | — | $146,153 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $125,393 | — | $125,393 |
| ERNST AND YOUNG | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- ERNST AND YOUNG — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $271,546
- Estimated Expense Ratio: 0.066% 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 | $270,000 | $146,152 | $900 | — | — |
| 2023 | $251,815 | $127,734 | $300 | — | — |
| 2022 | $334,891 | $118,874 | — | — | — |