Plan Snapshot
- Plan Sponsor: Glasser And Glasser, P.L.C.
- Sponsor EIN: 540806724
- Sponsor Address: 580 EAST MAIN STREET, NORFOLK, VA, 23510
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 183
- Total Assets: $20.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 183 | $20.0M | $0 | $0 |
| 2024 | 157 | $17.0M | $526,020 | $476,767 |
| 2023 | 130 | $14.3M | $527,206 | $399,422 |
| 2022 | 118 | $13.0M | $458,158 | $379,829 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL SERVICES | Other Service Provider | $33,642 | — | $33,642 |
| JOHN HANCOCK (U.S.A.) | Other Service Provider | $17,637 | — | $17,637 |
| LEAFHOUSE FINANCIAL ADVISORS | Other Service Provider | $6,728 | — | $6,728 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,007
- Estimated Expense Ratio: 0.291% 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 | $640,989 | $41,334 | $16,673 | — | — |
| 2024 | $39,294 | $14,517 | $3,442 | — | — |
| 2023 | $41,925 | $13,904 | $1,200 | — | — |
| 2022 | $57,519 | — | — | — | — |