Plan Snapshot
- Plan Sponsor: Automated Conveyor Systems, INC.
- Sponsor EIN: 540991574
- Sponsor Address: 6 MILLRACE DR, LYNCHBURG, VA, 245024342
- Plan Type: 401(k)
- Total Participants: 282
- Total Assets: $20.3M
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 | 282 | $20.3M | $455,375 | $1.4M |
| 2023 | 245 | $20.2M | $428,912 | $1.3M |
| 2022 | 214 | $17.8M | $406,121 | $1.2M |
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 |
|---|---|---|---|---|
| BROWN, EDWARD AND COMPANY L.L.P. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BROWN, EDWARD AND COMPANY L.L.P. — Auditor
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 | $71,633 | $37,983 | $33,650 | — | — |
| 2023 | $73,598 | $44,808 | $28,790 | — | — |
| 2022 | $75,702 | $46,123 | $29,579 | — | — |