Plan Snapshot
- Plan Sponsor: Holston Defense Corporation
- Sponsor EIN: 620461469
- Sponsor Address: PO BOX 1038, KINGSPORT, TN, 37662
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 0
- Total Assets: $84.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $84.4M | $0 | $507,647 |
| 2023 | 0 | $84.9M | $0 | $599,235 |
| 2022 | 0 | $81.8M | $0 | $491,491 |
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 |
|---|---|---|---|---|
| TRUIST WEALTH | Custodian / Trustee | $210,680 | — | $210,680 |
| BLUECROSS BLUESHIELD OF TENNESSEE | Recordkeeper | $194,080 | $6,689 | $200,769 |
| CUNDY, INC. | Recordkeeper | $61,151 | — | $61,151 |
| TOWERS WATSON | Actuary | $37,000 | — | $37,000 |
| ARMANINO, LLP | Auditor | $21,919 | — | $21,919 |
| WAGEWORKS, INC | Other Service Provider | $19,283 | — | $19,283 |
| ACCESS | Investment Advisor | $9,423 | — | $9,423 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $560,225
- Estimated Expense Ratio: 0.663% 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 | $533,424 | $9,423 | $254,402 | $21,919 | — |
| 2023 | $479,336 | $17,878 | $152,999 | $20,800 | — |
| 2022 | $359,422 | — | — | — | — |