Plan Snapshot
- Plan Sponsor: Hourigan Construction Corp.
- Sponsor EIN: 540852016
- Sponsor Address: 411 E. FRANKLIN STREET, RICHMOND, VA, 23219
- Plan Type: 401(k)
- Total Participants: 229
- Total Assets: $30.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 229 | $30.0M | $828,653 | $2.0M |
| 2023 | 223 | $26.8M | $752,478 | $1.8M |
| 2022 | 219 | $22.3M | $770,176 | $1.8M |
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 |
|---|---|---|---|---|
| ASCENSUS | Custodian / Trustee | $43,750 | — | $43,750 |
| FIRST CITIZENS BANK & TRUST | Investment Advisor | $28,915 | — | $28,915 |
| NEWPORT GROUP, INC. | Recordkeeper | $20,129 | — | $20,129 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,794
- Estimated Expense Ratio: 0.310% 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 | $94,474 | $28,915 | $65,559 | — | — |
| 2023 | $81,457 | $46,815 | $16,339 | — | — |
| 2022 | $82,985 | $47,705 | $20,834 | — | $14,446 |