Plan Snapshot
- Plan Sponsor: Koury Corporation
- Sponsor EIN: 566030766
- Sponsor Address: 2275 VANSTORY STREET, GREENSBORO, NC, 27403
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 601
- Total Assets: $5.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 601 | $5.4M | $3.1M | $1.1M |
| 2023 | 561 | $4.0M | $2.3M | $1.0M |
| 2022 | 549 | $4.4M | $1.6M | $893,416 |
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 |
|---|---|---|---|---|
| UMR, INC. | Other Service Provider | $175,960 | $1,116 | $177,076 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $177,076
- Estimated Expense Ratio: 3.262% 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 | $225,030 | — | $198,501 | — | — |
| 2023 | $247,711 | — | $157,356 | — | — |
| 2022 | $162,181 | — | $136,616 | — | $22,981 |