# Carter Machinery Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/carter-machinery-company-inc-401k-plan

> Carter Machinery Company, INC.'s 401(k) plan: 3,101 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Carter Machinery Company, INC.

- **Sponsor EIN:** 371170559

- **Sponsor Address:** 1330 LYNCHBURG TPKE., SALEM, VA, 24153

- **Plan Type:** 401(k)

- **Total Participants:** 3,101

- **Total Assets:** $466.2M

## 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|3,101|$466.2M|$18.9M|$20.8M|

| 2023|2,925|$405.8M|$16.3M|$18.2M|

| 2022|2,627|$340.8M|$14.0M|$15.0M|

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY O|NONE|$170,490|—|$170,490|

| BROWN EDWARDS & COMPANY, LLP|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $170,490

- **Estimated Expense Ratio:** 0.037% 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|$171,390|—|—|—|—|

| 2023|$156,928|—|—|—|—|

| 2022|$133,256|$261|$132,995|—|—|

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