Plan Snapshot
- Plan Sponsor: Beth Sholom Home Of Eastern Virginia
- Sponsor EIN: 541862383
- Sponsor Address: 5000 CORPORATE WOODS DR SUITE 500, VIRGINIA BEACH, VA, 23462
- Plan Type: 401(k)
- Total Participants: 7
- Total Assets: $2.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 7 | $2.6M | $26,664 | $74,240 |
| 2023 | 14 | $2.7M | $105,757 | $228,815 |
| 2022 | 269 | $3.1M | $159,619 | $329,301 |
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 | Recordkeeper | $26,251 | — | $26,251 |
| CAMBRIDGE INV RESEARCH ADVIS | Investment Advisor | — | $12,427 | $12,427 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,678
- Estimated Expense Ratio: 1.498% 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 | $28,451 | — | $28,451 | — | — |
| 2023 | $47,979 | — | $47,979 | — | — |
| 2022 | $46,264 | — | $46,264 | — | — |