# Concept 2001, INC. 401(k) Plan
Source: https://planprovider.pro/companies/concept-2001-inc-401k-plan

> Concept 2001, INC.'s 401(k) plan: 1,992 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/transamerica) — RECORDKEEPER

- [ELLIOTT DAVIS, LLC/PLLC](https://planprovider.pro/provider/elliott-davis-llc) — 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|—|—|—|—|

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