Plan Snapshot
- Plan Sponsor: Knowles, Smith & Associates, LLP
- Sponsor EIN: 208326663
- Sponsor Address: 2028 LITHO PLACE, FAYETTEVILLE, NC, 28314
- Plan Type: 401(k)
- Total Participants: 268
- Total Assets: $11.9M
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 | 268 | $11.9M | $158,411 | $781,720 |
| 2023 | 253 | $9.8M | $45,266 | $721,567 |
| 2022 | 242 | $9.2M | $0 | $641,546 |
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 |
|---|---|---|---|---|
| ELLIOTT DAVIS,PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOTT DAVIS,PLLC — Auditor
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 | $73,980 | — | $46,664 | — | — |
| 2023 | $63,826 | — | $61,573 | — | — |
| 2022 | $66,802 | — | $66,802 | — | — |