Plan Snapshot
- Plan Sponsor: Charles Barker Luxury Imports, INC.
- Sponsor EIN: 540763954
- Sponsor Address: 4949 VA BEACH BLVD, VIRGINIA BEACH, VA, 23462
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $14.0M
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 | 109 | $14.0M | $114,262 | $702,542 |
| 2023 | 127 | $14.4M | $127,670 | $721,386 |
| 2022 | 135 | $13.4M | $162,566 | $725,808 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $46,357 | $116 | $46,473 |
| UBS FINANCIAL SERVICES INC | Recordkeeper | — | $28,900 | $28,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,373
- Estimated Expense Ratio: 0.539% 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 | $46,783 | $449 | $45,468 | — | — |
| 2023 | $48,442 | $729 | $46,247 | — | — |
| 2022 | $56,064 | — | — | — | — |