Plan Snapshot
- Plan Sponsor: Frank L Blum Construction Co., INC
- Sponsor EIN: 560613173
- Sponsor Address: 2601 PILGRIM COURT, WINSTON-SALEM, NC, 27106
- Plan Type: 401(k)
- Total Participants: 218
- Total Assets: $19.9M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 218 | $19.9M | $231,219 | $1.8M |
| 2023 | 225 | $17.2M | $210,592 | $1.6M |
| 2022 | 210 | $13.2M | $171,758 | $1.4M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | Other Service Provider | $91,430 | — | $91,430 |
| RESOURCES INVESTMENT ADVISORS | Other Service Provider | $26,707 | — | $26,707 |
| ONE DIGITAL INVESTMENT ADVISORS | Other Service Provider | $21,228 | — | $21,228 |
| RAYMOND JAMES AND ASSOCIATES | Other Service Provider | $12,900 | — | $12,900 |
| NEXTCAPITAL GROUP, INC. | Other Service Provider | $7,140 | — | $7,140 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,405
- Estimated Expense Ratio: 0.800% 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 | $158,557 | $65,948 | $91,430 | — | — |
| 2023 | $109,266 | $49,460 | $59,806 | — | — |
| 2022 | $107,481 | $45,010 | $62,471 | — | — |