Plan Snapshot
- Plan Sponsor: Borla Performance Industries INC
- Sponsor EIN: 953792594
- Sponsor Address: 500 BORLA DR, JOHNSON CITY, TN, 376047555
- Plan Type: 401(k)
- Total Participants: 237
- Total Assets: $6.4M
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 | 237 | $6.4M | $208,332 | $681,726 |
| 2023 | 255 | $5.3M | $194,013 | $642,073 |
| 2022 | 304 | $3.9M | $204,879 | $652,224 |
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 |
|---|---|---|---|---|
| BLACKBURN, CHILDERS & STEAGALL, PLC | 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 | $7,308 | — | $7,308 | — | — |
| 2023 | $6,664 | — | $6,664 | — | — |
| 2022 | $2,509 | — | $2,509 | — | — |