Plan Snapshot
- Plan Sponsor: F.G. Pruitt, INC.
- Sponsor EIN: 541232694
- Sponsor Address: 2425 GRENOBLE ROAD, RICHMOND, VA, 23294
- Plan Type: 401(k)
- Total Participants: 104
- Total Assets: $15.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 104 | $15.5M | $1.1M | $478,872 |
| 2023 | 103 | $12.7M | $974,595 | $405,768 |
| 2022 | 130 | $11.1M | $889,790 | $391,780 |
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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS FIN NETWORK | Investment Advisor | $48,904 | — | $48,904 |
| EMPOWER ANNUITY INS. CO. OF AMERICA | Recordkeeper | $17,602 | — | $17,602 |
| ALEXANDER & WILLIAMS LLC | Auditor | $11,440 | — | $11,440 |
| RETIREMENT PLAN SOLUTIONS, INC. | Recordkeeper | $9,315 | — | $9,315 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALEXANDER & WILLIAMS LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,261
- Estimated Expense Ratio: 0.564% 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 | $38,517 | — | $20,190 | — | — |
| 2023 | $22,710 | — | $6,150 | — | — |
| 2022 | — | — | — | — | — |