Plan Snapshot
- Plan Sponsor: Gene Reed Enterprises, INC.
- Sponsor EIN: 570990378
- Sponsor Address: 800 JOHNNIE DODDS BLVD, MOUNT PLEASANT, SC, 29464
- Plan Type: 401(k)
- Total Participants: 68
- Total Assets: $2.8M
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 | 68 | $2.8M | $24,923 | $144,592 |
| 2023 | 77 | $2.5M | $29,426 | $160,509 |
| 2022 | 88 | $2.3M | $27,704 | $164,117 |
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 |
|---|---|---|---|---|
| MCM CPAS & ADVISORS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCM CPAS & ADVISORS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $327,212 | — | $22,674 | — | — |
| 2023 | $351,101 | — | $19,345 | — | — |
| 2022 | $22,273 | — | — | — | — |