Plan Snapshot
- Plan Sponsor: Halvik Corp.
- Sponsor EIN: 134367307
- Sponsor Address: 1600 SPRING HILL ROAD, VIENNA, VA, 22182
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 231
- Total Assets: $707,619
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 231 | $707,619 | $1.3M | $951,977 |
| 2023 | 172 | $421,791 | $988,483 | $841,037 |
| 2022 | 177 | $219,918 | $902,204 | $824,272 |
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 |
|---|---|---|---|---|
| CAREFIRST | Other Service Provider | $128,240 | — | $128,240 |
| BROWN & BROWN (VA) | Investment Advisor | $95,201 | — | $95,201 |
| THE BENECON GROUP | Investment Advisor | $44,912 | — | $44,912 |
| CONNECTCARE3 | Other Service Provider | $12,637 | — | $12,637 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $280,990
- Estimated Expense Ratio: 39.709% 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 | $828,118 | $57,549 | $223,440 | — | — |
| 2023 | $642,291 | $51,513 | $171,267 | — | — |
| 2022 | $612,730 | $49,007 | $152,827 | — | — |