Plan Snapshot
- Plan Sponsor: Cory Watson, P.C.
- Sponsor EIN: 631142944
- Sponsor Address: 2131 MAGNOLIA AVE. SOUTH, BIRMINGHAM, AL, 35205
- Plan Type: 401(k)
- Total Participants: 89
- Total Assets: $27.3M
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 | 89 | $27.3M | $373,668 | $752,346 |
| 2023 | 94 | $22.6M | $330,980 | $954,660 |
| 2022 | 100 | $18.6M | $4,837 | $360,050 |
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 |
|---|---|---|---|---|
| THE HIGHLANDS ACCOUNTING GROUP, INC | 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 | $39,055 | $19,745 | — | — | — |
| 2023 | $55,637 | $31,514 | — | — | — |
| 2022 | $17,240 | $3 | — | — | — |