# J.P. Thomas & Company 401(k) Plan
Source: https://planprovider.pro/companies/j-p-thomas-company-401k-plan

> J.P. Thomas & Company's 401(k) plan: 216 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** J.P. Thomas & Company

- **Sponsor EIN:** 561499103

- **Sponsor Address:** 890 PINEVIEW ROAD, ASHEBORO, NC, 27204

- **Plan Type:** 401(k)

- **Total Participants:** 216

- **Total Assets:** $4.3M

## 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|216|$4.3M|$127,144|$523,278|

| 2023|213|$3.4M|$112,366|$393,447|

| 2022|202|$2.6M|$97,410|$335,806|

## 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|

| ADP, INC.|RECORD KEEPER|$36,301|—|$36,301|

| GORDON ASSET MANAGEMENT, LLC|INVESTMENT/FINANCIAL ADVI|$15,266|—|$15,266|

| CARR RIGGS & INGRAM PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [GORDON ASSET MANAGEMENT, LLC](https://planprovider.pro/provider/gordon-asset-management-llc) — INVESTMENT/FINANCIAL ADVI

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $51,567

- **Estimated Expense Ratio:** 1.210% 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|$51,567|$15,266|—|—|—|

| 2023|$36,358|$11,376|—|—|—|

| 2022|$38,326|—|—|—|—|

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