Plan Snapshot
- Plan Sponsor: Herald Office Supply, INC
- Sponsor EIN: 570782942
- Sponsor Address: 1108 E ROOSEVELT ST, DILLON, SC, 295363142
- Plan Type: 401(k)
- Total Participants: 136
- Total Assets: $8.1M
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 | 136 | $8.1M | $33,998 | $222,866 |
| 2023 | 147 | $7.9M | $32,336 | $226,903 |
| 2022 | 173 | $7.2M | $36,055 | $231,374 |
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 |
|---|---|---|---|---|
| MUNN & ASSOCIATES, PC | Auditor | $31,798 | — | $31,798 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,798
- Estimated Expense Ratio: 0.391% 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 | $72,871 | $23,629 | $17,444 | $31,798 | — |
| 2023 | $39,648 | $27,494 | $12,154 | — | — |
| 2022 | $56,376 | $24,993 | $21,084 | — | $10,299 |