Plan Snapshot
- Plan Sponsor: Bernhardt Furniture Company
- Sponsor EIN: 560671544
- Sponsor Address: 1839 MORGANTON BOULEVARD, LENOIR, NC, 286450740
- Plan Type: 401(k)
- Total Participants: 1,105
- Total Assets: $57.7M
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 | 1,105 | $57.7M | $699,680 | $3.9M |
| 2023 | 1,130 | $52.6M | $677,123 | $3.9M |
| 2022 | 1,189 | $45.9M | $653,042 | $3.8M |
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 |
|---|---|---|---|---|
| DAVIDSON,HOLLAND,WHITESELL&CO | 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 | $157,506 | $56,020 | — | — | — |
| 2023 | $124,351 | $48,847 | — | — | — |
| 2022 | $85,754 | $50,133 | — | — | — |