Plan Snapshot
- Plan Sponsor: Harbor Group Management Co.
- Sponsor EIN: 541329081
- Sponsor Address: 999 WATERSIDE DRIVE, NORFOLK, VA, 23510
- Plan Type: 401(k)
- Total Participants: 1,382
- Total Assets: $54.9M
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 | 1,382 | $54.9M | $2.0M | $5.8M |
| 2023 | 1,281 | $45.3M | $2.2M | $5.5M |
| 2022 | 1,323 | $34.4M | $1.6M | $4.6M |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT, LLP | 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 | $346,149 | $107,330 | $238,819 | — | — |
| 2023 | $332,632 | $77,113 | $157,834 | $6,750 | — |
| 2022 | $209,225 | $15,264 | $193,961 | — | — |