Plan Snapshot
- Plan Sponsor: Appalachian Hardwood Manufacturers, INC.
- Sponsor EIN: 310202520
- Sponsor Address: 816 EASTCHESTER DRIVE, HIGH POINT, NC, 27261
- Plan Type: 401(k)
- Total Participants: 1,570
- Total Assets: $34.8M
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 | 1,570 | $34.8M | $633,395 | $2.5M |
| 2023 | 1,669 | $31.3M | $522,202 | $2.3M |
| 2022 | 1,368 | $29.5M | $393,497 | $2.2M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $344,096 | — | $344,096 |
| UBS FINANCIAL SERVICES INC | Other Service Provider | $75,556 | — | $75,556 |
| UBS FINANCIAL SERVICES, INC | Other Service Provider | $75,556 | — | $75,556 |
| PINNACLE FINANCIAL SERVICES, INC. | Other Service Provider | $67,490 | — | $67,490 |
| APPALACHIAN HARDWOOD MANUFACTURERS | Other Service Provider | $46,498 | — | $46,498 |
| NPPG FIDUCIARY SERVICES LLC | Other Service Provider | $16,425 | — | $16,425 |
| NPPG FIDUCIARY SERVICES INC | Other Service Provider | $16,425 | — | $16,425 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $642,046
- Estimated Expense Ratio: 1.842% of plan assets
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 | $242,727 | — | $242,727 | — | — |
| 2023 | $186,536 | $186,536 | — | — | — |
| 2022 | $349,494 | $256,006 | $43,062 | — | $50,426 |