Plan Snapshot
- Plan Sponsor: Canal Wood, LLC
- Sponsor EIN: 571110464
- Sponsor Address: 2430 NORTH MAIN STREET, CONWAY, SC, 29526
- Plan Type: 401(k)
- Total Participants: 92
- Total Assets: $25.2M
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 | 92 | $25.2M | $211,943 | $792,338 |
| 2023 | 94 | $22.6M | $212,469 | $773,394 |
| 2022 | 96 | $21.5M | $218,240 | $758,993 |
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 |
|---|---|---|---|---|
| SMITH SAPP BOOKHOUT CRUMPLER CALLIH | 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 | $693,530 | — | $55,962 | — | — |
| 2023 | $2,712,076 | — | $53,379 | — | — |
| 2022 | $55,981 | — | — | — | — |