Plan Snapshot
- Plan Sponsor: B.V. Hedrick Gravel And Sand Company
- Sponsor EIN: 560257665
- Sponsor Address: P. O. BOX 1040, SALISBURY, NC, 28145
- Plan Type: DC
- Total Participants: 136
- Total Assets: $15.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 136 | $15.0M | $1.8M | $792,456 |
| 2023 | 133 | $12.0M | $877,800 | $711,551 |
| 2022 | 123 | $9.6M | $743,300 | $638,162 |
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 |
|---|---|---|---|---|
| ANDERSON SMITH & WIKE PLLC | Auditor | — | — | $0 |
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 | $63,680 | — | $63,680 | — | — |
| 2023 | $50,998 | — | $50,998 | — | — |
| 2022 | $45,512 | — | $45,512 | — | — |