Plan Snapshot
- Plan Sponsor: The Barber Companies, INC.
- Sponsor EIN: 630640952
- Sponsor Address: 27 INVERNESS CENTER PARKWAY, BIRMINGHAM, AL, 352424810
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $22.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 142 | $22.2M | $405,141 | $918,740 |
| 2023 | 133 | $20.0M | $376,055 | $872,377 |
| 2022 | 136 | $20.7M | $364,545 | $886,551 |
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 |
|---|---|---|---|---|
| THE HIGHLANDS ACCOUNTING GROUP, INC | 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 | $65,544 | — | $65,544 | — | — |
| 2023 | $65,246 | — | $65,246 | — | — |
| 2022 | $65,331 | — | $65,331 | — | — |