Plan Snapshot
- Plan Sponsor: Continental Aerospace Technologies, INC.
- Sponsor EIN: 943412775
- Sponsor Address: 2039 S. BROAD STREET, MOBILE, AL, 36615
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $22.2M
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 | 173 | $22.2M | $379,514 | $1.1M |
| 2023 | 170 | $21.8M | $478,258 | $1.0M |
| 2022 | 155 | $18.2M | $443,563 | $907,012 |
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 |
|---|---|---|---|---|
| REGIONS BANK | ADVISOR | $31,739 | — | $31,739 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $31,341 | — | $31,341 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $5,681 | — | $5,681 |
| SMITH, DUKES & BUCKALEW, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- SMITH, DUKES & BUCKALEW, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,761
- Estimated Expense Ratio: 0.310% 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 | $68,761 | $21,297 | — | — | — |
| 2023 | $76,286 | $33,892 | — | $12,000 | — |
| 2022 | $84,972 | $6,365 | — | — | — |