Plan Snapshot
- Plan Sponsor: Best Diamond Packaging
- Sponsor EIN: 260071475
- Sponsor Address: 2700 AIRPORT ROAD, KINSTON, NC, 28504
- Plan Type: 401(k)
- Total Participants: 301
- Total Assets: $7.4M
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 | 301 | $7.4M | $476,118 | $622,582 |
| 2023 | 289 | $6.0M | $392,514 | $575,607 |
| 2022 | 293 | $5.5M | $327,908 | $501,920 |
| 2021 | 363 | $7.8M | $0 | $0 |
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 |
|---|---|---|---|---|
| CRAY KAISER | 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 | $34,407 | $23,317 | — | — | — |
| 2023 | $41,580 | $20,121 | — | $8,500 | — |
| 2022 | $70,218 | — | — | — | — |
| 2021 | $29,954 | — | — | — | — |