Plan Snapshot
- Plan Sponsor: Fairlead Integrated, LLC
- Sponsor EIN: 455467915
- Sponsor Address: 650 CHAUTAQUA AVENUE, PORTSMOUTH, VA, 23707
- Plan Type: 401(k)
- Total Participants: 449
- Total Assets: $29.4M
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 | 449 | $29.4M | $1.6M | $2.4M |
| 2023 | 397 | $24.1M | $1.3M | $2.0M |
| 2022 | 386 | $20.3M | $1.4M | $2.0M |
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 |
|---|---|---|---|---|
| WALL, EINHORN & CHERNITZER, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $105,331 | — | $102,231 | — | — |
| 2023 | $91,290 | — | $88,840 | — | — |
| 2022 | $93,271 | — | — | — | — |