Plan Snapshot
- Plan Sponsor: Bakkavor Foods Usa, INC.
- Sponsor EIN: 330449057
- Sponsor Address: 2700 WESTINGHOUSE BOULEVARD, CHARLOTTE, NC, 28273
- Plan Type: 401(k)
- Total Participants: 835
- Total Assets: $16.0M
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. |
|---|---|---|---|---|
| 2024 | 835 | $16.0M | $1.1M | $1.6M |
| 2023 | 795 | $12.8M | $1.1M | $1.6M |
| 2022 | 867 | $9.9M | $1.0M | $1.5M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS. CO. | RECORDKEEPER | $66,314 | — | $66,314 |
| SAGEVIEW ADVISORY GROUP, LLC | INVESTMENT ADVISOR | $40,985 | — | $40,985 |
| FUTUREPLAN BY ASCENSUS-KRAVITZ | CONTRACT ADMIN | — | $10,000 | $10,000 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MANAGEMENT | $7,396 | — | $7,396 |
| ELLIOTT GROUP CPAS PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FUTUREPLAN BY ASCENSUS-KRAVITZ — CONTRACT ADMIN
- ELLIOTT GROUP CPAS PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $124,695
- Estimated Expense Ratio: 0.778% 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 | $155,678 | — | $155,678 | — | — |
| 2023 | $81,135 | — | — | — | — |
| 2022 | $104,057 | $62,405 | — | — | $41,652 |