Plan Snapshot
- Plan Sponsor: Covey Equity Holdings, LLC
- Sponsor EIN: 208734421
- Sponsor Address: 6001 RIVER ROAD, COLUMBUS, GA, 31904
- Plan Type: 401(k)
- Total Participants: 543
- Total Assets: $16.9M
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 | 543 | $16.9M | $706,714 | $1.4M |
| 2023 | 574 | $11.4M | $544,909 | $1.1M |
| 2022 | 467 | $8.6M | $440,660 | $924,244 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $84,761 | — | $84,761 |
| RAYMOND JAMES & ASSOCIATES, INC. | INVESTMENT ADVISORY | — | $32,877 | $32,877 |
| BENNETT THRASHER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES & ASSOCIATES, INC. — INVESTMENT ADVISORY
- BENNETT THRASHER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $117,638
- Estimated Expense Ratio: 0.694% 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 | $84,767 | — | $84,767 | — | — |
| 2023 | $57,702 | — | $57,702 | — | — |
| 2022 | $47,552 | — | $47,552 | — | — |