# Culp INC Employees Ret Bldr Plan 401(k) Plan
Source: https://planprovider.pro/companies/culp-inc-401k-plan

> Culp INC Employees Ret Bldr Plan's 401(k) plan: 459 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Culp INC Employees Ret Bldr Plan

- **Sponsor EIN:** 561001967

- **Sponsor Address:** 1823 EASTCHESTER DRIVE, SUITE 300, HIGH POINT, NC, 272651402

- **Plan Type:** 401(k)

- **Total Participants:** 459

- **Total Assets:** $44.7M

## 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|459|$44.7M|$1.1M|$1.9M|

| 2023|441|$41.8M|$1.1M|$2.0M|

| 2022|484|$40.8M|$1.0M|$1.9M|

## 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|

| RAYMOND JAMES|INVESTMENT ADVISOR|$86,499|—|$86,499|

| GREER WALKER, LLP|AUDITOR|$27,000|—|$27,000|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$13,950|—|$13,950|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $127,449

- **Estimated Expense Ratio:** 0.285% 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|$128,449|$86,499|—|$27,000|—|

| 2023|$121,994|$82,400|—|$25,000|—|

| 2022|$113,530|$86,965|$11,565|—|$15,000|

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