Plan Snapshot
- Plan Sponsor: Beverly Knits INC.
- Sponsor EIN: 561268414
- Sponsor Address: 1675 GARFIELD DRIVE, GASTONIA, NC, 28052
- Plan Type: 401(k)
- Total Participants: 196
- Total Assets: $5.3M
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 | 196 | $5.3M | $0 | $411,385 |
| 2023 | 223 | $4.7M | $0 | $429,555 |
| 2022 | 251 | $4.1M | $131,371 | $452,314 |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | NONE | $1,228 | $14,064 | $15,292 |
| ONEAMERICA RETIREMENT SERVICES LLC | NONE | $5,786 | — | $5,786 |
| AC CPA PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AC CPA PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,078
- Estimated Expense Ratio: 0.394% 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 | $9,593 | $2,579 | $7,014 | — | — |
| 2023 | $5,984 | — | $5,984 | — | — |
| 2022 | $3,737 | — | $3,737 | — | — |