# Berglund Management Group, INC. 401(k) Plan
Source: https://planprovider.pro/companies/berglund-management-group-401k-plan

> Berglund Management Group, INC.'s 401(k) plan: 405 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/withumsmithbrown-pc) — 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|—|—|

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