Plan Snapshot
- Plan Sponsor: Harbin Lumber Co., INC.
- Sponsor EIN: 580530476
- Sponsor Address: 1278 GERRARD ROAD, LAVONIA, GA, 30553
- Plan Type: 401(k)
- Total Participants: 322
- Total Assets: $16.6M
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 | 322 | $16.6M | $623,747 | $1.1M |
| 2023 | 293 | $13.3M | $565,773 | $962,938 |
| 2022 | 294 | $10.8M | $380,528 | $671,466 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $38,662 | — | $38,662 |
| CAMBRIDGE INVESTMENT RESEARCH ADV. | INVESTMENT ADVISORY-PLAN | $22,218 | — | $22,218 |
| BURCH CROOMS & COMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- BURCH CROOMS & COMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,880
- Estimated Expense Ratio: 0.368% 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 | $60,880 | $22,218 | — | — | — |
| 2023 | $47,435 | $17,439 | — | — | — |
| 2022 | $27,736 | $10,361 | — | — | — |