Plan Snapshot
- Plan Sponsor: Central Arkansas Development Council
- Sponsor EIN: 710388673
- Sponsor Address: 321 EDISON AVENUE, BENTON, AR, 72015
- Plan Type: 401(k)
- Total Participants: 249
- Total Assets: $6.8M
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 | 249 | $6.8M | $398,248 | $406,444 |
| 2023 | 364 | $10.0M | $579,074 | $445,448 |
| 2022 | 362 | $9.0M | $586,536 | $461,588 |
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 |
|---|---|---|---|---|
| YOAKUM LOVELL & 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 | $27,922 | — | $27,922 | — | — |
| 2023 | $13,179 | — | $13,179 | — | — |
| 2022 | $21,469 | — | $21,469 | — | — |