Plan Snapshot
- Plan Sponsor: Factory Connection, LLC
- Sponsor EIN: 900142088
- Sponsor Address: 2300 HIGHWAY 79 S, GUNTERSVILLE, AL, 359762220
- Plan Type: 401(k)
- Total Participants: 490
- Total Assets: $6.3M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 490 | $6.3M | $35,188 | $351,864 |
| 2023 | 556 | $5.7M | $41,285 | $413,538 |
| 2022 | 277 | $4.9M | $51,456 | $493,167 |
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 |
|---|---|---|---|---|
| MUTUAL OF AMERICA INVESTMENT CORP | Recordkeeper | $5,644 | — | $5,644 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,644
- Estimated Expense Ratio: 0.089% 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 | $2,747 | — | — | — | — |
| 2023 | $1,612 | — | — | — | — |
| 2022 | $1,404 | — | — | — | — |