Plan Snapshot
- Plan Sponsor: Freight Handlers, INC.
- Sponsor EIN: 561741462
- Sponsor Address: 310 N JUDD PARKWAY NE, FUQUAY-VARINA, NC, 27526
- Plan Type: 401(k)
- Total Participants: 1,131
- Total Assets: $18.2M
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 | 1,131 | $18.2M | $211,292 | $1.2M |
| 2023 | 1,589 | $17.2M | $204,029 | $1.2M |
| 2022 | 1,749 | $14.6M | $205,603 | $1.2M |
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 INSURANCE COMPANY | Recordkeeper | $7,976 | — | $7,976 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,976
- Estimated Expense Ratio: 0.044% 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 | $13,984 | — | $1,875 | — | — |
| 2023 | $12,654 | — | $3,050 | — | — |
| 2022 | $23,727 | — | $23,727 | — | — |