# Electric Glass Fiber America, LLC 401(k) Plan
Source: https://planprovider.pro/companies/electric-glass-fiber-america-llc-401k-plan

> Electric Glass Fiber America, LLC's 401(k) plan: 511 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/the-vanguard-group-inc) — NONE

- [ELLIOTT GROUP CPAS, PLLC](https://planprovider.pro/provider/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|

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