Plan Snapshot
- Plan Sponsor: Arnold Lumber Co.
- Sponsor EIN: 050365474
- Sponsor Address: 251 FAIRGROUNDS ROAD, WEST KINGSTON, RI, 02892
- Plan Type: 401(k)
- Total Participants: 203
- Total Assets: $15.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 203 | $15.0M | $156,746 | $906,794 |
| 2023 | 199 | $12.4M | $160,595 | $905,989 |
| 2022 | 214 | $11.2M | $131,308 | $838,971 |
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 INS. CO. OF AMERICA | Recordkeeper | $42,950 | — | $42,950 |
| LINCOLN FINANCIAL SECURITIES | Investment Advisor | — | $10,911 | $10,911 |
| LINSCO/PRIVATE LEDGER CORP | Investment Advisor | — | $9,039 | $9,039 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Other Service Provider | $6,663 | — | $6,663 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,563
- Estimated Expense Ratio: 0.465% 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 | $49,613 | $6,663 | — | — | — |
| 2023 | $55,779 | $5,690 | — | $13,500 | — |
| 2022 | $47,787 | $5,768 | — | — | $42,019 |