Plan Snapshot
- Plan Sponsor: Fastening Solutions, INC.
- Sponsor EIN: 630400499
- Sponsor Address: 3075 SELMA HIGHWAY, MONTGOMERY, AL, 36108
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 205
- Total Assets: $28.3M
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. |
|---|---|---|---|---|
| 2025 | 205 | $28.3M | $0 | $0 |
| 2024 | 149 | $25.2M | $307,517 | $581,681 |
| 2023 | 147 | $24.2M | $374,702 | $744,613 |
| 2022 | 145 | $21.7M | $319,485 | $692,576 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS. CO. OF AMERICA | Recordkeeper | $24,169 | — | $24,169 |
| SANCTUARY ADVISORS LLC | Investment Advisor | $20,000 | — | $20,000 |
| MARBLE WEALTH LLC | Investment Advisor | $19,382 | — | $19,382 |
| ERISA SERVICES INC | Other Service Provider | $14,080 | — | $14,080 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $6,814 | — | $6,814 |
| JACKSON THORTON & CO. P.C. | Investment Advisor | $5,800 | — | $5,800 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,245
- Estimated Expense Ratio: 0.319% 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 | $1,846,749 | — | $91,164 | — | — |
| 2024 | $82,495 | — | $82,495 | — | — |
| 2023 | $78,328 | — | — | — | — |
| 2022 | $93,483 | — | $93,483 | — | — |