# Hurt &amp; Proffitt, INC. 401(k) Plan
Source: https://planprovider.pro/companies/hurt-proffitt-inc-401k-plan

> Hurt &amp; Proffitt, INC.&#39;s 401(k) plan: 174 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/employee-fiduciary) — RECORDKEEPER

- [BROWN, EDWARDS & COMPANY LLP](https://planprovider.pro/provider/brown-edwards-and-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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/hurt-proffitt-inc-401k-plan)

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