Plan Snapshot
- Plan Sponsor: Virginia Imports, Ltd.
- Sponsor EIN: 541085981
- Sponsor Address: 7550 ACCOTINK PARK ROAD, SPRINGFIELD, VA, 22150
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $12.2M
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 | 133 | $12.2M | $360,000 | $298,333 |
| 2023 | 133 | $11.2M | $355,000 | $310,704 |
| 2022 | 134 | $9.7M | $350,000 | $320,331 |
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 |
|---|---|---|---|---|
| MCKINLEY CARTER WEALTH SERVICES | Investment Advisor | $31,857 | — | $31,857 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $26,114 | — | $26,114 |
| RETIREMENT BENEFIT SOLUTIONS | Other Service Provider | $1,450 | $5,000 | $6,450 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,421
- Estimated Expense Ratio: 0.526% 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 | $62,752 | $31,857 | $30,895 | — | — |
| 2023 | $59,433 | $27,405 | $32,028 | — | — |
| 2022 | $74,320 | — | $74,320 | — | — |