Plan Snapshot
- Plan Sponsor: New River Electrical Corporation
- Sponsor EIN: 540562496
- Sponsor Address: 15 CLOVERDALE PLACE, CLOVERDALE, VA, 24077
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $18.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 122 | $18.3M | $1.0M | $1.5M |
| 2023 | 120 | $17.2M | $874,197 | $1.2M |
| 2022 | 119 | $13.8M | $841,283 | $1.2M |
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 |
|---|---|---|---|---|
| DAVIDSON DOYLE & HILTON, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DAVIDSON DOYLE & HILTON, LLP — 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 | $12,996 | $8,602 | — | — | — |
| 2023 | $31,970 | — | — | — | — |
| 2022 | $42,338 | — | $42,338 | — | — |