Plan Snapshot
- Plan Sponsor: Florence Concrete Products, INC.
- Sponsor EIN: 570353598
- Sponsor Address: P.O. BOX 5506, FLORENCE, SC, 29502
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $6.6M
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 | 119 | $6.6M | $115,536 | $415,798 |
| 2023 | 127 | $6.0M | $209,057 | $398,412 |
| 2022 | 133 | $4.7M | $0 | $333,793 |
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 |
|---|---|---|---|---|
| FIRST CITIZENS BANK & TRUST. | NONE | $24,710 | — | $24,710 |
| ASCENSUS LLC | NONE | $18,809 | — | $18,809 |
| ELLIOTT DAVIS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOTT DAVIS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,519
- Estimated Expense Ratio: 0.658% 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 | $43,504 | $24,710 | $18,794 | — | — |
| 2023 | $37,090 | $19,799 | $17,291 | — | — |
| 2022 | $40,584 | $19,972 | $20,612 | — | — |