Plan Snapshot
- Plan Sponsor: American Equipment Co, INC.
- Sponsor EIN: 570541745
- Sponsor Address: 2106 ANDERSON ROAD, GREENVILLE, SC, 29611
- Plan Type: 401(k)
- Total Participants: 330
- Total Assets: $38.3M
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. |
|---|---|---|---|---|
| 2024 | 330 | $38.3M | $845,034 | $1.8M |
| 2023 | 325 | $34.5M | $821,289 | $1.7M |
| 2022 | 151 | $19.7M | $330,686 | $783,638 |
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 |
|---|---|---|---|---|
| CLARK, SCHAEFER, HACKETT & CO. | 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 | $66,924 | $8,173 | $57,251 | — | — |
| 2023 | $54,895 | $4,811 | $48,812 | — | — |
| 2022 | $26,588 | — | — | — | — |