Plan Snapshot
- Plan Sponsor: Altron, INC.
- Sponsor EIN: 570964501
- Sponsor Address: 454 COLEMAN BLVD, MT. PLEASANT, SC, 29464
- Plan Type: 401(k)
- Total Participants: 102
- Total Assets: $14.6M
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 | 102 | $14.6M | $370,955 | $472,448 |
| 2023 | 89 | $12.3M | $376,550 | $455,637 |
| 2022 | 103 | $10.5M | $524,308 | $472,644 |
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 |
|---|---|---|---|---|
| JONES POUNDER & ASSOCIATES | 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 | $57,305 | — | — | — | — |
| 2023 | $64,333 | — | — | — | — |
| 2022 | $54,170 | — | — | — | — |