Plan Snapshot
- Plan Sponsor: Elevate Textiles, INC.
- Sponsor EIN: 330596831
- Sponsor Address: 121 W. TRADE ST., CHARLOTTE, NC, 28202
- Plan Type: 401(k)
- Total Participants: 2,100
- Total Assets: $231.8M
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 | 2,100 | $231.8M | $3.9M | $7.0M |
| 2023 | 2,331 | $219.4M | $4.0M | $6.9M |
| 2022 | 2,560 | $201.6M | $4.2M | $7.3M |
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 |
|---|---|---|---|---|
| SMITH LEONARD PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SMITH LEONARD PLLC — 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 | $244,529 | $48,396 | — | — | — |
| 2023 | $251,450 | $45,843 | — | — | — |
| 2022 | $250,969 | $49,506 | — | — | $300 |