Plan Snapshot
- Plan Sponsor: Greater Richmond Business, INC.
- Sponsor EIN: 541308407
- Sponsor Address: 1833 COMMERCE RD, RICHMOND, VA, 232247801
- Plan Type: 401(k)
- Total Participants: 129
- 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 | 129 | $14.0M | $156,213 | $608,187 |
| 2023 | 118 | $13.5M | $166,253 | $628,756 |
| 2022 | 115 | $13.0M | $152,226 | $562,126 |
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 |
|---|---|---|---|---|
| KEITER | 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 | $74,240 | — | $74,240 | — | — |
| 2023 | $68,722 | — | $68,722 | — | — |
| 2022 | $68,057 | — | $68,057 | — | — |