Plan Snapshot
- Plan Sponsor: Associated Hardwoods, INC.
- Sponsor EIN: 561214685
- Sponsor Address: PO BOX 491, GRANITE FALLS, NC, 28630
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 198
- Total Assets: $10.5M
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. |
|---|---|---|---|---|
| 2025 | 198 | $10.5M | $0 | $0 |
| 2024 | 199 | $8.5M | $183,982 | $398,038 |
| 2023 | 171 | $7.9M | $217,388 | $446,309 |
| 2022 | 158 | $6.2M | $231,080 | $425,892 |
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 |
|---|---|---|---|---|
| OMNI STAR FINANCIAL GROUP | Investment Advisor | $74,908 | — | $74,908 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,908
- Estimated Expense Ratio: 0.711% 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 |
|---|---|---|---|---|---|
| 2025 | $320,302 | $74,908 | — | — | — |
| 2024 | $50,362 | $49,262 | — | — | — |
| 2023 | $54,922 | $53,566 | — | — | — |
| 2022 | $47,680 | — | — | — | — |