Plan Snapshot
- Plan Sponsor: Dominion Payroll Services LLC
- Sponsor EIN: 710890420
- Sponsor Address: 3200 ROCKBRIDGE STREET, SUITE 300, RICHMOND, VA, 23230
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 207
- Total Assets: $10.2M
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. |
|---|---|---|---|---|
| 2025 | 207 | $10.2M | $0 | $0 |
| 2024 | 182 | $7.3M | $450,418 | $840,010 |
| 2023 | 172 | $5.3M | $342,936 | $656,581 |
| 2022 | 135 | $3.8M | $297,825 | $633,617 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $26,243 | — | $26,243 |
| WEALTHSPIRE RETIREMENT ADVISORY | Other Service Provider | $23,867 | — | $23,867 |
| THE ACTUARIAL CONSULTING GROUP | Other Service Provider | $6,523 | — | $6,523 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,540 | — | $5,540 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,173
- Estimated Expense Ratio: 0.612% 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 |
|---|---|---|---|---|---|
| 2025 | $1,656,674 | — | — | — | — |
| 2024 | $32,772 | — | — | — | — |
| 2023 | $31,701 | — | — | — | — |
| 2022 | $28,739 | — | — | — | — |