Plan Snapshot
- Plan Sponsor: Concept 2001, INC.
- Sponsor EIN: 582453817
- Sponsor Address: 1089 AUGUSTA ROAD, WARRENVILLE, SC, 29851
- Plan Type: 401(k)
- Total Participants: 1,992
- Total Assets: $31.2M
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 | 1,992 | $31.2M | $950,657 | $2.5M |
| 2023 | 1,928 | $30.6M | $822,836 | $2.5M |
| 2022 | 1,864 | $25.9M | $723,468 | $2.3M |
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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | RECORDKEEPER | $70,241 | — | $70,241 |
| ELLIOTT DAVIS, LLC/PLLC | AUDITOR | $11,500 | — | $11,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE COMPANY — RECORDKEEPER
- ELLIOTT DAVIS, LLC/PLLC — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,741
- Estimated Expense Ratio: 0.262% 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 | $81,741 | — | — | $11,500 | — |
| 2023 | $81,300 | $250 | — | $9,500 | — |
| 2022 | $60,626 | — | — | — | — |