Plan Snapshot
- Plan Sponsor: Brown Packing Co., INC.
- Sponsor EIN: 570289483
- Sponsor Address: PO BOX 130, GAFFNEY, SC, 293420130
- Plan Type: 401(k)
- Total Participants: 374
- Total Assets: $12.6M
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 | 374 | $12.6M | $685,167 | $1.1M |
| 2023 | 338 | $11.7M | $621,290 | $968,792 |
| 2022 | 355 | $9.4M | $590,538 | $895,374 |
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 |
|---|---|---|---|---|
| HALLIDAY, SCHWARTZ & CO. | 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 | $78,125 | $31,702 | $25,199 | — | — |
| 2023 | $74,251 | $29,586 | $19,615 | — | — |
| 2022 | $66,503 | $26,695 | $39,808 | — | — |