Plan Snapshot
- Plan Sponsor: Xinergy Corp.
- Sponsor EIN: 261153865
- Sponsor Address: 1295 ASHFORD HILL ROAD, ASHFORD, WV, 25009
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 134
- Total Assets: $4.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 134 | $4.7M | $329,245 | $450,820 |
| 2023 | 135 | $4.0M | $367,223 | $496,384 |
| 2022 | 127 | $3.6M | $278,411 | $433,090 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INS & ANNUITY | Recordkeeper | $59,750 | — | $59,750 |
| CBIZ BENEFITS & INS SERVICES | Recordkeeper | $15,000 | $10,502 | $25,502 |
| CBIZ INVESTMENT ADVISORY | Investment Advisor | $850 | $15,962 | $16,812 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,064
- Estimated Expense Ratio: 2.163% 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 | $75,600 | $15,017 | $48,636 | — | — |
| 2023 | $15,633 | — | — | — | — |
| 2022 | $11,783 | — | — | — | $11,783 |