Plan Snapshot
- Plan Sponsor: Essential Brands, INC.
- Sponsor EIN: 521938283
- Sponsor Address: 3415 BOX HILL CORPORATE CNTR DR, ABINGDON, MD, 21009
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 203
- Total Assets: $19.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 203 | $19.5M | $0 | $0 |
| 2024 | 160 | $15.3M | $468,285 | $1.1M |
| 2023 | 153 | $12.4M | $411,944 | $1.0M |
| 2022 | 144 | $8.9M | $382,442 | $924,206 |
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 |
|---|---|---|---|---|
| RED OAK FINANCIAL | Investment Advisor | $41,826 | — | $41,826 |
| THE VANGUARD GROUP, INC. | Recordkeeper | — | $14,360 | $14,360 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,186
- Estimated Expense Ratio: 0.289% 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 |
|---|---|---|---|---|---|
| 2025 | $586,912 | — | — | — | — |
| 2024 | $61,232 | — | — | — | — |
| 2023 | $47,261 | — | — | — | — |
| 2022 | $41,552 | — | — | — | $41,552 |