Plan Snapshot
- Plan Sponsor: Total Action Against Poverty In Roanoke Valley, INC.
- Sponsor EIN: 546057095
- Sponsor Address: 302 2ND STREET, SW, ROANOKE, VA, 24011
- Plan Type: 401(k)
- Total Participants: 242
- Total Assets: $6.1M
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 | 242 | $6.1M | $488,941 | $328,599 |
| 2023 | 265 | $5.5M | $450,072 | $304,129 |
| 2022 | 267 | $5.2M | $453,337 | $280,954 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $59,331 | — | $59,331 |
| WILBANKS SMITH & THOMAS ASSET MANAG | Investment Advisor | $13,916 | — | $13,916 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,247
- Estimated Expense Ratio: 1.198% 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 | $74,340 | $15,009 | — | — | — |
| 2023 | $76,529 | $13,010 | $5,597 | — | — |
| 2022 | $33,182 | $13,628 | $19,554 | — | — |