Plan Snapshot
- Plan Sponsor: Vba Benefits Corporation
- Sponsor EIN: 541741662
- Sponsor Address: 4490 COX ROAD, GLEN ALLEN, VA, 23060
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 5,666
- Total Assets: $41,185
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 | 5,666 | $41,185 | $5.0M | $0 |
| 2023 | 8,381 | $40,812 | $7.4M | $0 |
| 2022 | 8,575 | $39,082 | $7.1M | $0 |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL LIFE INSURANCE CO | Recordkeeper | $32,565 | — | $32,565 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL LIFE INSURANCE CO — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,565
- Estimated Expense Ratio: 79.070% 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 | $3,041 | $3,041 | — | — | — |
| 2023 | $3,315 | $3,315 | — | — | — |
| 2022 | $2,033 | $2,033 | — | — | — |