Plan Snapshot
- Plan Sponsor: Bagwell Fence Company, INC.
- Sponsor EIN: 570476956
- Sponsor Address: 3099 SOUTH PINE STREET, SPARTANBURG, SC, 29302
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 61
- Total Assets: $14,044
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. |
|---|---|---|---|---|
| 2024 | 61 | $14,044 | $441,350 | $741 |
| 2023 | 50 | $32,264 | $371,694 | $179 |
| 2022 | 41 | $31,403 | $201,330 | $55,408 |
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 |
|---|---|---|---|---|
| PLANNED ADMINISTRATORS, INC. | Other Service Provider | $39,285 | — | $39,285 |
| IMA FINANCIAL GROUP (ECM SOLUTIONS) | Investment Advisor | $12,254 | — | $12,254 |
| E. K. MCCONKEY & CO., INC. | Investment Advisor | $8,355 | — | $8,355 |
| THE BENECON GROUP, LLC | Investment Advisor | $8,355 | — | $8,355 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,249
- Estimated Expense Ratio: 485.966% 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 | $591,169 | — | — | — | — |
| 2023 | $339,994 | — | — | — | — |
| 2022 | $337,071 | — | — | — | — |