Plan Snapshot
- Plan Sponsor: Lowers Risk Group, LLC
- Sponsor EIN: 455167090
- Sponsor Address: 125 EAST HIRST ROAD, PURCELLVILLE, VA, 20132
- Plan Type: 401(k)
- Total Participants: 78
- Total Assets: $6.8M
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 | 78 | $6.8M | $109,057 | $458,791 |
| 2023 | 92 | $6.3M | $137,239 | $516,219 |
| 2022 | 121 | $5.8M | $268,897 | $948,627 |
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 |
|---|---|---|---|---|
| YOUNT HYDE & BARBOUR PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- YOUNT HYDE & BARBOUR PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $49,251 | $12,660 | $1,676 | — | — |
| 2023 | $43,417 | $11,727 | $2,218 | — | — |
| 2022 | $59,213 | — | — | — | — |