# Atlantic Bay Mortgage Group, LLC 401(k) Plan
Source: https://planprovider.pro/companies/atlantic-bay-mortgage-group-llc-401k-plan

> Atlantic Bay Mortgage Group, LLC's 401(k) plan: 736 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Atlantic Bay Mortgage Group, LLC

- **Sponsor EIN:** 541822116

- **Sponsor Address:** 600 LYNNHAVEN PARKWAY STE 100, VIRGINIA BEACH, VA, 234527319

- **Plan Type:** 401(k)

- **Total Participants:** 736

- **Total Assets:** $78.7M

## 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|736|$78.7M|$1.5M|$6.1M|

| 2023|789|$69.8M|$1.4M|$5.8M|

| 2022|842|$58.8M|$1.8M|$7.2M|

## 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|

| THE ASCENT GROUP, LLC|INVESTMENT ADVISORY|$46,855|$20|$46,875|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$35,227|—|$35,227|

| CHARLES W SNADER,P.C|ACCOUNTANT|$6,950|—|$6,950|

| CHARLES W. SNADER, P.C.|Auditor|$6,950|—|$6,950|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CHARLES W SNADER,P.C](https://planprovider.pro/provider/charles-schwab-and-co-inc) — ACCOUNTANT

- [CHARLES W. SNADER, P.C.](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $96,002

- **Estimated Expense Ratio:** 0.122% 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|$89,032|$46,854|$35,228|$6,950|—|

| 2023|$245,555|$37,478|$208,077|—|—|

| 2022|$210,039|$37,477|$172,562|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/atlantic-bay-mortgage-group-llc-401k-plan)

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