Plan Snapshot
- Plan Sponsor: James R. Vannoy & Sons Construction Company, INC.
- Sponsor EIN: 560964185
- Sponsor Address: 1608 US HIGHWAY 221 NORTH, JEFFERSON, NC, 28640
- Plan Type: 401(k)
- Total Participants: 326
- Total Assets: $24.9M
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 | 326 | $24.9M | $608,955 | $2.1M |
| 2023 | 331 | $21.2M | $636,275 | $2.0M |
| 2022 | 305 | $18.4M | $576,217 | $1.8M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $90,779 | — | $90,779 |
| RAYMOND JAMES & ASSOCIATES INC | INVESTMENT ADVISOR | $67,880 | — | $67,880 |
| COFFEY, LOVINS & COMPANY, PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $158,659
- Estimated Expense Ratio: 0.638% 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 | $158,659 | $67,880 | — | — | — |
| 2023 | $151,548 | $34,582 | — | — | — |
| 2022 | $101,910 | — | $101,910 | — | — |