Plan Snapshot
- Plan Sponsor: Carpenter Industries INC.
- Sponsor EIN: 020736840
- Sponsor Address: 21 CARPENTER COURT NW, CONCORD, NC, 28027
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 142
- Total Assets: $10.2M
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 | 142 | $10.2M | $100,757 | $401,910 |
| 2023 | 136 | $8.8M | $97,840 | $395,825 |
| 2022 | 133 | $7.7M | $105,711 | $422,734 |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | Other Service Provider | $1,780 | $75,380 | $77,160 |
| RT JONES CAPITAL EQUITIES MGMT INC | Other Service Provider | $5,891 | — | $5,891 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,051
- Estimated Expense Ratio: 0.813% 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 | $10,746 | $5,891 | $4,855 | — | — |
| 2023 | $5,277 | $4,785 | $492 | — | — |
| 2022 | $4,586 | $4,169 | $417 | — | — |