# Drake Enterprises, Ltd 401(k) Plan
Source: https://planprovider.pro/companies/drake-enterprises-ltd-401k-plan

> Drake Enterprises, Ltd's 401(k) plan: 105 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Drake Enterprises, Ltd

- **Sponsor EIN:** 561494243

- **Sponsor Address:** 213 FRANKLIN PLAZA DR, FRANKLIN, NC, 287343207

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

- **Total Participants:** 105

- **Total Assets:** $9.4M

## 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|105|$9.4M|$201,890|$319,292|

| 2023|114|$9.5M|$219,967|$408,062|

| 2022|134|$9.0M|$215,717|$401,815|

## 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|

| ELLIOTT DAVIS|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ELLIOTT DAVIS](https://planprovider.pro/provider/elliott-davis-llc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $0

### 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|$47,736|—|$47,736|—|—|

| 2023|$44,217|—|$44,217|—|—|

| 2022|$42,577|—|$42,577|—|—|

## Similar Plans

- [Nu North America, INC.](https://planprovider.pro/companies/cognitect-inc-401k-plan) — 106 participants

- [Technology Concepts & Design, INC.](https://planprovider.pro/companies/technology-concepts-design-inc-401k-plan) — 118 participants

- [Southern Software, INC.](https://planprovider.pro/companies/southern-software-inc-plan) — 79 participants

- [Next Glass, INC.](https://planprovider.pro/companies/next-glass-inc-dba-untappd-inc-401k-plan) — 75 participants

- [Percona Staffing LLC](https://planprovider.pro/companies/percona-staffing-llc-401k-plan) — 70 participants

- [T1v, INC.](https://planprovider.pro/companies/t1v-inc-401k-plan) — 45 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/drake-enterprises-ltd-401k-plan)

© 2026 PlanProvider.Pro