Plan Snapshot
- Plan Sponsor: Brookwood Farms, INC.
- Sponsor EIN: 566024939
- Sponsor Address: 909 ALSTON BRIDGE ROAD, SILER CITY, NC, 27344
- Plan Type: 401(k)
- Total Participants: 150
- Total Assets: $4.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 150 | $4.4M | $159,106 | $246,659 |
| 2023 | 99 | $3.7M | $150,000 | $0 |
| 2022 | 106 | $3.2M | $150,000 | $0 |
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 |
|---|---|---|---|---|
| T. ROWE PRICE | Recordkeeper | $5,560 | — | $5,560 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,560
- Estimated Expense Ratio: 0.125% 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 | $5,560 | — | $5,560 | — | — |
| 2023 | $29,494 | — | $29,494 | — | — |
| 2022 | $39,440 | $39,440 | — | — | — |