Plan Snapshot
- Plan Sponsor: Hurt & Proffitt, INC.
- Sponsor EIN: 540924377
- Sponsor Address: 2524 LANGHORNE RD, LYNCHBURG, VA, 245011602
- Plan Type: 401(k)
- Total Participants: 174
- Total Assets: $15.9M
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 | 174 | $15.9M | $425,328 | $967,175 |
| 2023 | 141 | $13.0M | $336,836 | $797,708 |
| 2022 | 129 | $10.6M | $282,969 | $703,196 |
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 |
|---|---|---|---|---|
| EVOLUTION ADVISERS, INC. | ADVISOR | $36,310 | — | $36,310 |
| EMPLOYEE FIDUCIARY, LLC | RECORDKEEPER | $8,453 | — | $8,453 |
| BROWN, EDWARDS & COMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPLOYEE FIDUCIARY, LLC — RECORDKEEPER
- BROWN, EDWARDS & COMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,763
- Estimated Expense Ratio: 0.282% 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 | $44,763 | $36,310 | $8,453 | — | — |
| 2023 | $35,081 | — | $35,081 | — | — |
| 2022 | $34,978 | $32,682 | $2,296 | — | — |