# Strongwell Corporation 401(k) Plan
Source: https://planprovider.pro/companies/strongwell-corporation-401k-plan

> Strongwell Corporation's 401(k) plan: 328 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Strongwell Corporation

- **Sponsor EIN:** 541670655

- **Sponsor Address:** 400 COMMONWEALTH AVENUE, BRISTOL, VA, 24201

- **Plan Type:** 401(k)

- **Total Participants:** 328

- **Total Assets:** $86.7M

## 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.|

| 2024|328|$86.7M|$1.9M|$1.1M|

| 2023|318|$83.4M|$1.6M|$1.1M|

| 2022|313|$78.8M|$1.6M|$950,117|

## 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|

| MVP PLAN ADMINISTRATORS, INC.|THIRD PARTY ADMINISTRATOR|$58,386|—|$58,386|

| CHARLES SCHWAB TRUST BANK|CUSTODIAN|$23,545|—|$23,545|

| BROWN, EDWARDS & COMPANY|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CHARLES SCHWAB TRUST BANK](https://planprovider.pro/provider/charles-schwab-and-co-inc) — CUSTODIAN

- [BROWN, EDWARDS & COMPANY](https://planprovider.pro/provider/brown-edwards-and-company-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $81,931

- **Estimated Expense Ratio:** 0.094% 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|

| 2024|$81,932|—|—|—|—|

| 2023|$76,891|—|$53,835|—|—|

| 2022|$96,422|—|$94,937|—|—|

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