Plan Snapshot
- Plan Sponsor: Cv Industries
- Sponsor EIN: 561043374
- Sponsor Address: PO BOX 70, VALDESE, NC, 28690
- Plan Type: 401(k)
- Total Participants: 622
- Total Assets: $34.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 622 | $34.5M | $0 | $1.2M |
| 2023 | 601 | $30.1M | $0 | $1.3M |
| 2022 | 681 | $27.4M | $0 | $1.3M |
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 | Recordkeeper | $105,859 | — | $105,859 |
| MMA SECURITIES LLC | Investment Advisor | $43,000 | — | $43,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITIES LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $148,859
- Estimated Expense Ratio: 0.431% 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 | $147,637 | $43,000 | $104,637 | — | — |
| 2023 | $127,529 | $28,224 | $99,305 | — | — |
| 2022 | $134,675 | $41,122 | $93,553 | — | — |