Plan Snapshot
- Plan Sponsor: Hughes & Smith, INC.
- Sponsor EIN: 540756452
- Sponsor Address: 3016 WILLIAMS DRIVE SUITE 100, FAIRFAX, VA, 220314616
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $12.9M
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 | 119 | $12.9M | $457,400 | $563,467 |
| 2023 | 113 | $11.2M | $461,555 | $546,406 |
| 2022 | 113 | $10.1M | $498,800 | $559,413 |
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 |
|---|---|---|---|---|
| WEALTH ENHANCEMENT ADVISORY SERVICE | Investment Advisor | $28,208 | — | $28,208 |
| FIDELITY INVESTMENTS COMPANY, LLC | Recordkeeper | $7,719 | — | $7,719 |
| DUNBAR, BENDER & ZAPF, INC. | Recordkeeper | $5,456 | — | $5,456 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS COMPANY, LLC — Recordkeeper
- DUNBAR, BENDER & ZAPF, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,383
- Estimated Expense Ratio: 0.320% 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 | $59,182 | — | $36,052 | — | — |
| 2023 | $58,350 | $24,019 | — | $17,850 | — |
| 2022 | $51,752 | — | $51,752 | — | — |