Plan Snapshot
- Plan Sponsor: Best Brands INC.
- Sponsor EIN: 621177514
- Sponsor Address: 7337 COCKRILL BEND BLVD., NASHVILLE, TN, 37209
- Plan Type: 401(k)
- Total Participants: 307
- Total Assets: $10.3M
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 | 307 | $10.3M | $465,777 | $732,972 |
| 2023 | 211 | $8.0M | $442,099 | $675,524 |
| 2022 | 176 | $6.2M | $412,134 | $608,531 |
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 |
|---|---|---|---|---|
| CARR, RIGGS & INGRAM, LLC | 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 | $106,372 | — | $106,372 | — | — |
| 2023 | $81,277 | — | $81,277 | — | — |
| 2022 | $70,914 | — | $70,914 | — | — |