Plan Snapshot
- Plan Sponsor: Tidewater Electrical Industry Health Fund
- Sponsor EIN: 546052370
- Sponsor Address: 5305 VIRGINIA BEACH BLVD., NORFOLK, VA, 23502
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 459
- Total Assets: $4.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 459 | $4.7M | $5.3M | $289,593 |
| 2023 | 394 | $5.1M | $4.9M | $316,819 |
| 2022 | 414 | $4.8M | $5.2M | $408,782 |
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 |
|---|---|---|---|---|
| ANTHEM | Investment Advisor | $238,089 | — | $238,089 |
| SOUTHERN BENEFIT ADMINISTRATORS | Other Service Provider | $140,642 | — | $140,642 |
| DANIELS, IRWIN & AYLOR | Auditor | $15,825 | — | $15,825 |
| STRANCH, JENNINGS & GARVEY PLLC | Other Service Provider | $15,335 | — | $15,335 |
| WILBANKS, SMITH & THOMAS ASSET MGMT | Other Service Provider | $9,485 | — | $9,485 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ANTHEM — Investment Advisor
- DANIELS, IRWIN & AYLOR — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $419,376
- Estimated Expense Ratio: 8.846% 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 | $474,413 | $9,485 | $120,000 | $15,825 | — |
| 2023 | $436,811 | $9,593 | $120,000 | $16,075 | — |
| 2022 | $434,975 | $8,619 | $120,000 | — | $36,635 |