Plan Snapshot
- Plan Sponsor: Border Concepts, INC.
- Sponsor EIN: 561717393
- Sponsor Address: 7621 LITTLE AVE., CHARLOTTE, NC, 28226
- Plan Type: 401(k)
- Total Participants: 121
- Total Assets: $2.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 121 | $2.4M | $120,121 | $341,665 |
| 2023 | 117 | $1.8M | $310,623 | $129,255 |
| 2022 | 122 | $1.2M | $68,700 | $293,828 |
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 |
|---|---|---|---|---|
| MCCANNON, ROGERS, DRISCOLL & ASSOC | 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 | $8,813 | $1,085 | $3,728 | — | — |
| 2023 | $8,842 | $386 | $4,336 | — | — |
| 2022 | $9,678 | $548 | — | — | $9,130 |