Plan Snapshot
- Plan Sponsor: The Baughan Group
- Sponsor EIN: 371346322
- Sponsor Address: 367 GEORGE STREET, BECKLEY, WV, 25801
- Plan Type: 401(k)
- Total Participants: 183
- Total Assets: $5.8M
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. |
|---|---|---|---|---|
| 2024 | 183 | $5.8M | $183,197 | $561,706 |
| 2023 | 118 | $4.7M | $156,710 | $489,937 |
| 2022 | 76 | $3.4M | $106,608 | $435,161 |
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 |
|---|---|---|---|---|
| RICHMOND & COMPANY, CPAS, AC | 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 | $41,245 | — | $41,245 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |