# Florence Concrete Products, INC. 401(k) Plan
Source: https://planprovider.pro/companies/florence-concrete-products-inc-401k-plan

> Florence Concrete Products, INC.'s 401(k) plan: 119 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/florence-concrete-products-inc-401k-plan)

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