Plan Snapshot
- Plan Sponsor: American Merchandising Specialists, INC.
- Sponsor EIN: 911951517
- Sponsor Address: 177 BARLEY PARK LANE, MOORESVILLE, NC, 28115
- Plan Type: 401(k)
- Total Participants: 147
- Total Assets: $5.1M
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 | 147 | $5.1M | $0 | $403,233 |
| 2023 | 136 | $4.7M | $341 | $373,494 |
| 2022 | 102 | $4.1M | $0 | $366,160 |
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 |
|---|---|---|---|---|
| DAVISON, HOLLAND, WHITESELL & 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 | $35,421 | $17,882 | $1,275 | — | — |
| 2023 | $30,935 | $15,826 | $1,050 | — | — |
| 2022 | $34,197 | $14,969 | $15,721 | — | $3,507 |