Plan Snapshot
- Plan Sponsor: Aquafil Usa, INC.
- Sponsor EIN: 582449874
- Sponsor Address: 1 AQUAFIL DR., CARTERSVILLE, GA, 30120
- Plan Type: 401(k)
- Total Participants: 348
- Total Assets: $5.8M
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 | 348 | $5.8M | $201,673 | $578,243 |
| 2023 | 374 | $4.9M | $203,404 | $574,247 |
| 2022 | 400 | $4.0M | $181,137 | $513,818 |
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 |
|---|---|---|---|---|
| REGIONS BANK | NONE | $47,321 | — | $47,321 |
| ASCENSUS LLC | NONE | $23,987 | $68 | $24,055 |
| CARR RIGGS & INGRAM | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,376
- Estimated Expense Ratio: 1.239% 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 | $71,308 | — | $23,987 | — | — |
| 2023 | $54,063 | — | $20,875 | — | — |
| 2022 | $53,898 | — | $53,898 | — | — |