Plan Snapshot
- Plan Sponsor: Azo, Incorporated
- Sponsor EIN: 621025566
- Sponsor Address: 4445 MALONE RD, MEMPHIS, TN, 38118
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 41
- Total Assets: $116,612
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 41 | $116,612 | $0 | $0 |
| 2024 | 40 | $36,943 | $378,507 | $107,119 |
| 2023 | 40 | $5,133 | $283,819 | $98,701 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP | Investment Advisor | $40,702 | — | $40,702 |
| MCGRIFF INSURANCE SERVICES | Investment Advisor | $12,225 | — | $12,225 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $8,465 | — | $8,465 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,392
- Estimated Expense Ratio: 52.646% 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 | $576,520 | — | — | — | — |
| 2024 | $575,797 | — | — | — | — |
| 2023 | $406,142 | — | — | — | — |