Plan Snapshot
- Plan Sponsor: Widepoint Corporation
- Sponsor EIN: 522040275
- Sponsor Address: 11250 WAPLES MILL RD, FAIRFAX, VA, 220307400
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 232
- Total Assets: $13.3M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 232 | $13.3M | $0 | $0 |
| 2024 | 190 | $11.3M | $138,244 | $710,126 |
| 2023 | 175 | $9.6M | $144,359 | $689,674 |
| 2022 | 183 | $9.5M | $151,446 | $780,898 |
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 | Recordkeeper | $57,427 | — | $57,427 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | — | $29,224 | $29,224 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $86,651
- Estimated Expense Ratio: 0.653% 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 |
|---|---|---|---|---|---|
| 2025 | $1,101,023 | — | $57,428 | — | — |
| 2024 | $52,521 | — | $52,521 | — | — |
| 2023 | $45,292 | — | $45,292 | — | — |
| 2022 | $47,226 | — | $47,226 | — | — |