Plan Snapshot
- Plan Sponsor: D & L Appliance Parts Company, INC.
- Sponsor EIN: 560683536
- Sponsor Address: 2100 FREEDOM DR, CHARLOTTE, NC, 282085154
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 192
- Total Assets: $12.0M
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 | 192 | $12.0M | $586,447 | $623,504 |
| 2023 | 118 | $11.6M | $1.1M | $653,228 |
| 2022 | 108 | $9.1M | $511,328 | $546,809 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $36,538 | $12 | $36,550 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $33,584 | — | $33,584 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,134
- Estimated Expense Ratio: 0.587% 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 | $70,122 | $18,822 | $33,584 | — | — |
| 2023 | $65,692 | $16,038 | $34,560 | — | — |
| 2022 | $59,853 | $14,109 | $32,465 | — | $13,279 |