Plan Snapshot
- Plan Sponsor: Timmons Group, INC.
- Sponsor EIN: 541301413
- Sponsor Address: 7053 CELEBRATION PARK AVE, NORTH CHESTERFIELD, VA, 232255512
- Plan Type: 401(k)
- Total Participants: 1,072
- Total Assets: $138.5M
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 | 1,072 | $138.5M | $3.7M | $9.2M |
| 2023 | 987 | $112.8M | $3.1M | $7.9M |
| 2022 | 857 | $86.9M | $2.7M | $6.9M |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT | 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 | $259,582 | $149,992 | $109,590 | — | — |
| 2023 | $208,802 | $122,622 | $86,180 | — | — |
| 2022 | $171,027 | $117,284 | $53,743 | — | — |