Plan Snapshot
- Plan Sponsor: Berglund Management Group, INC.
- Sponsor EIN: 541375337
- Sponsor Address: 2009 WILLIAMSON ROAD, ROANOKE, VA, 24012
- Plan Type: 401(k)
- Total Participants: 405
- Total Assets: $16.8M
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 | 405 | $16.8M | $0 | $1.4M |
| 2023 | 382 | $14.3M | $0 | $1.4M |
| 2022 | 409 | $13.3M | $0 | $1.3M |
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 | CONTRACT ADMINISTRATOR | $61,554 | — | $61,554 |
| T. ROWE PRICE | CONTRACT ADMINISTRATOR | $24,919 | — | $24,919 |
| WILBANKS, SMITH & THOMAS ASSET MANA | INVESTMENT ADVISORY | $12,358 | $2,650 | $15,008 |
| CAP FINANCIAL PARTNERS, LLC | INVESTMENT ADISORY | $7,319 | $5 | $7,324 |
| WITHUM, SMITH, & BROWN, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM, SMITH, & BROWN, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,805
- Estimated Expense Ratio: 0.647% 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 | $93,491 | — | $91,315 | — | — |
| 2023 | $99,566 | $24,992 | $74,574 | — | — |
| 2022 | $89,378 | $14,994 | $74,384 | — | — |