Plan Snapshot
- Plan Sponsor: Virgin Galactic, LLC
- Sponsor EIN: 842252157
- Sponsor Address: 1700 FLIGHT WAY, 3RD FLOOR, TUSTIN, CA, 92782
- Plan Type: 401(k)
- Total Participants: 741
- Total Assets: $100.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 741 | $100.6M | $6.0M | $10.0M |
| 2023 | 1,010 | $88.7M | $7.6M | $11.7M |
| 2022 | 1,158 | $63.6M | $5.8M | $8.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $57,033 | — | $57,033 |
| RAYMOND JAMES & ASSOCIATES,INC | INVESTMENT ADVISOR | $50,000 | — | $50,000 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $29,119 | — | $29,119 |
| BAKER TILLY US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- RAYMOND JAMES & ASSOCIATES,INC — INVESTMENT ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
- BAKER TILLY US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $136,152
- Estimated Expense Ratio: 0.135% 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 | $136,152 | $79,119 | $2,700 | — | — |
| 2023 | $131,925 | $54,316 | — | $33,572 | — |
| 2022 | $106,145 | $2,521 | — | — | — |