Plan Snapshot
- Plan Sponsor: Daramic, LLC
- Sponsor EIN: 571006869
- Sponsor Address: 13800 SOUTH LAKES DRIVE, CHARLOTTE, NC, 28273
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $10.1M
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. |
|---|---|---|---|---|
| 2024 | 0 | $10.1M | $377,640 | $458,231 |
| 2023 | 125 | $19.9M | $546,890 | $592,404 |
| 2022 | 150 | $17.6M | $660,697 | $683,112 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $8,435 | — | $8,435 |
| RENAISSANCE BENEFIT ADVISORS GROUP | Investment Advisor | $7,267 | — | $7,267 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
- RENAISSANCE BENEFIT ADVISORS GROUP — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,702
- Estimated Expense Ratio: 0.155% 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 | $18,977 | $10,542 | — | — | — |
| 2023 | $15,709 | $7,627 | — | — | — |
| 2022 | $21,219 | $8,869 | — | — | — |