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 |
|---|---|---|---|---|
| SECURITIES AMERICA | BROKER/DEALER | — | $35,245 | $35,245 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $27,548 | — | $27,548 |
| HANTZMON WIEBEL LLP | ACCOUNTANT/AUDITOR | $17,500 | — | $17,500 |
| NOVA 401K ASSOCIATES | THIRD PARTY ADM. | — | $12,582 | $12,582 |
| ADMINISTRATIVE FIDUCIARY SERVICES | CONSULTANT | $6,207 | — | $6,207 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SECURITIES AMERICA — BROKER/DEALER
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- HANTZMON WIEBEL LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $99,082
- Estimated Expense Ratio: 0.256% 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 | — | — | — |