Plan Snapshot
- Plan Sponsor: Portco, INC.
- Sponsor EIN: 541598359
- Sponsor Address: 7025 HARBOUR VIEW BLVD, SUFFOLK, VA, 23435
- Plan Type: 401(k)
- Total Participants: 311
- Total Assets: $3.0M
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 | 311 | $3.0M | $369,303 | $127,589 |
| 2023 | 236 | $2.2M | $413,128 | $91,700 |
| 2022 | 325 | $1.7M | $430,203 | $88,056 |
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 |
|---|---|---|---|---|
| COLBY CPA | 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 |
|---|---|---|---|---|---|
| 2024 | $30,063 | — | $30,063 | — | — |
| 2023 | $22,114 | — | $22,114 | — | — |
| 2022 | $19,788 | — | $19,788 | — | — |