Plan Snapshot
- Plan Sponsor: Colony Tire Corporation
- Sponsor EIN: 562167232
- Sponsor Address: 1429 NORTH BROAD ST., EDENTON, NC, 27932
- Plan Type: 401(k)
- Total Participants: 918
- Total Assets: $38.8M
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 | 918 | $38.8M | $882,630 | $2.3M |
| 2023 | 862 | $33.6M | $946,989 | $2.3M |
| 2022 | 795 | $27.3M | $906,492 | $2.2M |
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 |
|---|---|---|---|---|
| HANTZMON WEIBEL LLP | Auditor | $11,000 | — | $11,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HANTZMON WEIBEL LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,000
- Estimated Expense Ratio: 0.028% 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 | $226,650 | $12,358 | $144,761 | $11,000 | — |
| 2023 | $161,805 | $14,953 | $146,852 | — | — |
| 2022 | $192,732 | $192,732 | — | — | — |