Plan Snapshot
- Plan Sponsor: Norfolk Tug Company
- Sponsor EIN: 541919409
- Sponsor Address: 508A EAST INDIAN RIVER ROAD, NORFOLK, VA, 23523
- Plan Type: 401(k)
- Total Participants: 129
- Total Assets: $13.8M
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. |
|---|---|---|---|---|
| 2023 | 129 | $13.8M | $573,547 | $849,243 |
| 2022 | 137 | $11.7M | $422,457 | $849,158 |
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 |
|---|---|---|---|---|
| WALL, EINHORN & CHERNITZER, PC | Auditor | — | — | $0 |
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 |
|---|---|---|---|---|---|
| 2023 | $59,163 | $23,527 | $1,380 | — | — |
| 2022 | $53,940 | $22,750 | $31,190 | — | — |