Plan Snapshot
- Plan Sponsor: The Hilb Group Operating Company, LLC
- Sponsor EIN: 471098088
- Sponsor Address: 6802 PARAGON PLACE, RICHMOND, VA, 23230
- Plan Type: 401(k)
- Total Participants: 2,273
- Total Assets: $178.6M
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 | 2,273 | $178.6M | $7.3M | $18.8M |
| 2023 | 2,147 | $141.9M | $6.5M | $16.6M |
| 2022 | 2,006 | $101.6M | $5.2M | $13.3M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $256,703 | — | $256,703 |
| SAGE ADVISORY GROUP | NONE | $97,171 | — | $97,171 |
| KEITER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
- SAGE ADVISORY GROUP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $353,874
- Estimated Expense Ratio: 0.198% 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 | $353,874 | $117,417 | — | — | — |
| 2023 | $243,326 | $66,133 | — | — | — |
| 2022 | $214,367 | $46,786 | — | — | — |