Plan Snapshot
- Plan Sponsor: Elkamet
- Sponsor EIN: 204499562
- Sponsor Address: P O BOX 265, EAST FLAT ROCK, NC, 28726
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $2.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 156 | $2.4M | $119,844 | $210,617 |
| 2023 | 145 | $1.7M | $37,000 | $163,337 |
| 2022 | 138 | $1.4M | $36,000 | $135,060 |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — 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 | $24,821 | $16,088 | $8,733 | — | — |
| 2023 | $14,383 | $7,766 | $6,617 | — | — |
| 2022 | $10,241 | $5,833 | $4,408 | — | — |