Plan Snapshot
- Plan Sponsor: American Hardwood Industries, LLC
- Sponsor EIN: 205856281
- Sponsor Address: 567 NORTH CHARLOTTE AVE, WAYNESBORO, VA, 22980
- Plan Type: 401(k)
- Total Participants: 361
- Total Assets: $3.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 361 | $3.9M | $0 | $395,762 |
| 2023 | 221 | $4.1M | $65,221 | $347,110 |
| 2022 | 233 | $3.9M | $79,061 | $355,053 |
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 |
|---|---|---|---|---|
| CHIAMPOU TRAVIS BESAW & KERSHNER | 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 | $13,411 | $11,911 | — | — | — |
| 2023 | $16,474 | $11,643 | — | — | — |
| 2022 | $14,491 | — | — | — | — |