Plan Snapshot
- Plan Sponsor: Cotton Incorporated
- Sponsor EIN: 620786018
- Sponsor Address: 6399 WESTON PARKWAY, CARY, NC, 27513
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 173
- Total Assets: $45.2M
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. |
|---|---|---|---|---|
| 2025 | 173 | $45.2M | $0 | $0 |
| 2024 | 130 | $41.6M | $582,759 | $1.6M |
| 2023 | 134 | $36.4M | $553,720 | $1.5M |
| 2022 | 129 | $29.7M | $522,100 | $1.4M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK USA | Recordkeeper | $60,223 | — | $60,223 |
| MMA SECURITIES | Other Service Provider | $40,000 | — | $40,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,223
- Estimated Expense Ratio: 0.222% 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 |
|---|---|---|---|---|---|
| 2025 | $6,274,928 | $42,209 | $42,792 | — | — |
| 2024 | $81,150 | $41,936 | $38,414 | — | — |
| 2023 | $42,034 | $40,000 | — | — | — |
| 2022 | $41,488 | $40,000 | $1,488 | — | — |