Plan Snapshot
- Plan Sponsor: Atlantic Shores Cooperative Association, INC.
- Sponsor EIN: 541801794
- Sponsor Address: 1200 ATLANTIC SHORES DR, VIRGINIA BEACH, VA, 234547311
- Plan Type: 401(k)
- Total Participants: 321
- Total Assets: $9.4M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 321 | $9.4M | $347,526 | $667,186 |
| 2023 | 291 | $8.1M | $343,251 | $612,001 |
| 2022 | 275 | $6.9M | $292,895 | $544,075 |
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 |
|---|---|---|---|---|
| PBMARES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PBMARES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $60,981 | — | $60,981 | — | — |
| 2023 | $52,566 | — | $52,566 | — | — |
| 2022 | $50,520 | — | $50,520 | — | — |