Plan Snapshot
- Plan Sponsor: Lombart Brothers, INC.
- Sponsor EIN: 541117762
- Sponsor Address: 5358 ROBIN HOOD ROAD, NORFOLK, VA, 235132430
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 377
- Total Assets: $34.0M
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. |
|---|---|---|---|---|
| 2025 | 377 | $34.0M | $0 | $0 |
| 2024 | 291 | $34.5M | $598,242 | $2.2M |
| 2023 | 286 | $32.9M | $654,779 | $2.3M |
| 2022 | 269 | $31.4M | $681,025 | $2.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $92,510 | — | $92,510 |
| CREATIVE PLANNING, INC. | Investment Advisor | — | $51,710 | $51,710 |
| CREATIVE PLANNING | Other Service Provider | $51,550 | — | $51,550 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $195,770
- Estimated Expense Ratio: 0.575% 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 |
|---|---|---|---|---|---|
| 2025 | $7,382,513 | — | $92,511 | — | — |
| 2024 | $93,317 | — | $93,317 | — | — |
| 2023 | $85,094 | — | $85,094 | — | — |
| 2022 | $86,594 | — | $83,570 | — | $3,024 |