Plan Snapshot
- Plan Sponsor: Virginia Transportation Corporation
- Sponsor EIN: 050481917
- Sponsor Address: 141 JAMES P MURPHY INDUSTRIAL HIGHW, WEST WARWICK, RI, 02893
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 689
- Total Assets: $18.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 689 | $18.6M | $0 | $0 |
| 2024 | 575 | $15.6M | $667,711 | $2.0M |
| 2023 | 556 | $12.6M | $682,775 | $2.0M |
| 2022 | 456 | $9.4M | $571,130 | $1.7M |
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 |
|---|---|---|---|---|
| WEALTHSPIRE RETIREMENT ADVISORY | Investment Advisor | $37,845 | — | $37,845 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $33,630 | — | $33,630 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,475
- Estimated Expense Ratio: 0.384% 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 |
|---|---|---|---|---|---|
| 2025 | $2,459,132 | $37,845 | — | — | — |
| 2024 | $95,661 | $32,190 | — | — | — |
| 2023 | $69,039 | $26,845 | $42,194 | — | — |
| 2022 | $65,857 | — | — | — | — |