Plan Snapshot
- Plan Sponsor: Hornwood, INC.
- Sponsor EIN: 560493251
- Sponsor Address: 766 HAILEYS FERRY ROAD, LILESVILLE, NC, 28091
- Plan Type: 401(k)
- Total Participants: 197
- Total Assets: $6.5M
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 | 197 | $6.5M | $49,932 | $242,320 |
| 2023 | 142 | $6.2M | $50,385 | $219,560 |
| 2022 | 166 | $6.3M | $57,016 | $257,464 |
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 |
|---|---|---|---|---|
| ANDERSON, SMITH & WIKE, PLLC | Auditor | — | — | $0 |
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 | $49,873 | — | $49,843 | — | — |
| 2023 | $50,608 | — | $50,608 | — | — |
| 2022 | $52,006 | — | — | — | $51,980 |