# Virginia Farm Bureau 401(k) Plan
Source: https://planprovider.pro/companies/virginia-farm-bureau-mutual-insurance-company-401k-plan

> Virginia Farm Bureau's 401(k) plan: 1,004 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/creative-planning) — 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|—|—|

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