Plan Snapshot
- Plan Sponsor: 3 Hearts LLC
- Sponsor EIN: 473665958
- Sponsor Address: 1409 W O EZELL BLVD, SPARTANBURG, SC, 29301
- Plan Type: 401(k)
- Total Participants: 84
- Total Assets: $196,796
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 | 84 | $196,796 | $7,375 | $37,957 |
| 2023 | 84 | $278,046 | $14,279 | $48,974 |
| 2022 | 83 | $210,247 | $55,893 | $68,068 |
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 |
|---|---|---|---|---|
| ROCHE, SCHOLZ, ROCHE & WALSH, LTD | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $4,575 | — | — | — | — |
| 2023 | $4,447 | $43 | — | — | — |
| 2022 | $4,309 | — | — | — | $4,309 |