Plan Snapshot
- Plan Sponsor: Prestage Farms, INC.
- Sponsor EIN: 561368357
- Sponsor Address: 4561 TAYLORS BRIDGE HIGHWAY, CLINTON, NC, 28328
- Plan Type: 401(k)
- Total Participants: 2,343
- Total Assets: $96.8M
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 | 2,343 | $96.8M | $3.4M | $6.9M |
| 2023 | 2,209 | $84.0M | $2.8M | $6.0M |
| 2022 | 1,997 | $72.1M | $1.7M | $5.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $252,087 | — | $252,087 |
| MMA SECURITIES LLC | INVESTMENT ADVISORY | $54,579 | — | $54,579 |
| FROST, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FROST, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $306,666
- Estimated Expense Ratio: 0.317% 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 | $306,666 | $54,579 | $252,087 | — | — |
| 2023 | $248,599 | $45,459 | $203,140 | — | — |
| 2022 | $202,046 | $11,795 | $190,251 | — | — |