Plan Snapshot
- Plan Sponsor: C&C Boiler Sales & Service, INC.
- Sponsor EIN: 561173038
- Sponsor Address: 3401 ROTARY DRIVE, CHARLOTTE, NC, 28269
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $10.9M
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 | 145 | $10.9M | $485,230 | $875,801 |
| 2023 | 137 | $9.2M | $373,282 | $754,960 |
| 2022 | 136 | $9.6M | $342,462 | $637,308 |
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 |
|---|---|---|---|---|
| FIRST CITIZENS BANK AND TRUST CO | Investment Advisor | $25,787 | — | $25,787 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $20,155 | — | $20,155 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $9,078 | — | $9,078 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,020
- Estimated Expense Ratio: 0.505% 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 | $55,020 | $34,865 | — | — | — |
| 2023 | $53,502 | $38,764 | — | — | — |
| 2022 | $56,776 | — | $56,776 | — | — |