Greater Richmond Business 401(k) match, vesting and fees
What Greater Richmond Business' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Keiter (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,141 defined-contribution plans in retail trade with 100 to 499 participants.
| Greater Richmond Business: employer contribution per participant | $1,055 | |
| Peer median | $1,216 |
| Greater Richmond Business: average balance | $94,808 | |
| Peer median | $50,590 |
| Greater Richmond Business: admin expenses ÷ assets | 0.54% | |
| Peer median | 0.43% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $15.1M at the end of plan year 2021 to $14M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 156 | $14M | $156K | $1,055 | 0.54% | Not published | Form 5500 ↗ |
| 2023 | 145 | $13.5M | $166K | $1,214 | 0.52% | Not published | Form 5500 ↗ |
| 2022 | 155 | $13M | $152K | $1,008 | 0.48% | Not published | Form 5500 ↗ |
| 2021 | 149 | $15.1M | $162K | $1,206 | 0.52% | Not published | Form 5500 ↗ |
Common questions
Does Greater Richmond Business match 401(k) contributions?
The match terms for the Greater Richmond Business, Inc. Cash or Deferral Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $156K in employer contributions, about $1,055 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Greater Richmond Business 401(k) match vested?
The vesting schedule for the Greater Richmond Business, Inc. Cash or Deferral Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Greater Richmond Business 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Greater Richmond Business, Inc..
I left Greater Richmond Business. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Greater Richmond Business, Inc., (804) 232-3492) or the recordkeeper, Principal Life Insurance Company. The Greater Richmond Business old 401(k) page lists the contacts from every plan filing. Find an old Greater Richmond Business 401(k)
Data from the public Form 5500 annual reports Greater Richmond Business filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Greater Richmond Business. Not financial advice. Report a correction · Methodology