Plan Snapshot
- Plan Sponsor: Best Services Group, INC.
- Sponsor EIN: 561963536
- Sponsor Address: 829 GRAVES STREET, KERNERSVILLE, NC, 27284
- Plan Type: 401(k)
- Total Participants: 654
- Total Assets: $16.2M
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 | 654 | $16.2M | $473,117 | $2.2M |
| 2023 | 687 | $14.9M | $602,852 | $2.1M |
| 2022 | 673 | $11.1M | $412,860 | $1.8M |
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 |
|---|---|---|---|---|
| BRESLOW STARLING FORST WARNER BOGER | 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 | $133,604 | — | $73,100 | — | — |
| 2023 | $78,556 | — | $18,300 | $8,172 | — |
| 2022 | $51,741 | — | $51,741 | — | — |