Plan Snapshot
- Plan Sponsor: Woods Rogers Vandeventer Black PLC
- Sponsor EIN: 541294386
- Sponsor Address: 500 WORLD TRADE CENTER, NORFOLK, VA, 23510
- Plan Type: 401(k)
- Total Participants: 264
- Total Assets: $135.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 264 | $135.3M | $3.6M | $2.9M |
| 2023 | 265 | $120.8M | $785,532 | $1.7M |
| 2022 | 114 | $46.8M | $142,342 | $641,333 |
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 |
|---|---|---|---|---|
| FOTI FLYNN LOWEN | Auditor | $59,835 | — | $59,835 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,835
- 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 | $185,470 | $99,825 | — | $59,835 | — |
| 2023 | $50,076 | $18,818 | — | $20,475 | — |
| 2022 | $19,991 | $2,206 | — | — | — |