Plan Snapshot
- Plan Sponsor: Tidewater Area Central Hospital Laundry, INC. T/A Shared Hospital Serv
- Sponsor EIN: 540977420
- Sponsor Address: 3530 ELMHURST LN, PORTSMOUTH, VA, 237012639
- Plan Type: 401(k)
- Total Participants: 206
- Total Assets: $4.9M
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 | 206 | $4.9M | $245,265 | $310,184 |
| 2023 | 213 | $4.4M | $229,752 | $256,046 |
| 2022 | 183 | $3.7M | $181,487 | $221,714 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $14,411 | — | $14,411 |
| EXECUTIVE INSURANCE AGENCY INC | Other Service Provider | — | $5,950 | $5,950 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,361
- Estimated Expense Ratio: 0.414% 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 | $14,411 | — | $14,411 | — | — |
| 2023 | $5,629 | — | $5,629 | — | — |
| 2022 | $6,858 | — | $6,858 | — | — |