# Beverly Knits INC. 401(k) Plan
Source: https://planprovider.pro/companies/beverly-knits-inc-401k-plan

> Beverly Knits INC.'s 401(k) plan: 196 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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