Plan Snapshot
- Plan Sponsor: Electric Glass Fiber America, LLC
- Sponsor EIN: 562109195
- Sponsor Address: 940 WASHBURN SWITCH ROAD, SHELBY, NC, 28150
- Plan Type: 401(k)
- Total Participants: 511
- Total Assets: $52.8M
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 | 511 | $52.8M | $2.7M | $2.8M |
| 2023 | 635 | $53.2M | $3.2M | $3.1M |
| 2022 | 804 | $44.1M | $3.1M | $3.0M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | NONE | $141,278 | — | $141,278 |
| MERCER INVESTMENTS LLC | NONE | $26,635 | — | $26,635 |
| ELLIOTT GROUP CPAS LLC | NONE | $16,000 | — | $16,000 |
| ELLIOTT GROUP CPAS, PLLC | Auditor | $16,000 | — | $16,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- ELLIOTT GROUP CPAS, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $199,913
- Estimated Expense Ratio: 0.379% 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 | $183,913 | — | $141,278 | $16,000 | — |
| 2023 | $196,610 | — | $127,238 | $18,750 | — |
| 2022 | $195,403 | — | $133,219 | — | $31,212 |