Plan Snapshot
- Plan Sponsor: Colortech, INC.
- Sponsor EIN: 621292100
- Sponsor Address: 5712 COMMERCE BOULEVARD, MORRISTOWN, TN, 37814
- Plan Type: 401(k)
- Total Participants: 279
- Total Assets: $15.0M
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 | 279 | $15.0M | $449,583 | $977,985 |
| 2023 | 264 | $12.7M | $408,220 | $838,852 |
| 2022 | 266 | $10.4M | $368,281 | $763,620 |
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 |
|---|---|---|---|---|
| PURKEY, CARTER, COMPTON, SWANN & CA | 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 | $77,992 | — | $5,752 | — | — |
| 2023 | $61,575 | — | — | — | — |
| 2022 | $56,353 | $53,633 | — | — | $2,720 |