Plan Snapshot
- Plan Sponsor: Virginia Farm Bureau
- Sponsor EIN: 540502500
- Sponsor Address: 12580 WEST CREEK PARKWAY, RICHMOND, VA, 232617552
- Plan Type: 401(k)
- Total Participants: 1,004
- Total Assets: $229.0M
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 | 1,004 | $229.0M | $3.6M | $5.9M |
| 2023 | 896 | $206.1M | $3.1M | $5.0M |
| 2022 | 890 | $195.0M | $3.0M | $4.8M |
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 |
|---|---|---|---|---|
| BENEFIT FIDUCIARY GROUP LLC | ADVISOR | $85,940 | — | $85,940 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $14,264 | — | $14,264 |
| KEITER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,204
- Estimated Expense Ratio: 0.044% 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 | -$53,508 | $100,205 | — | — | — |
| 2023 | $47,291 | $11,980 | — | — | — |
| 2022 | $113,898 | $75,000 | $38,898 | — | — |