Plan Snapshot
- Plan Sponsor: Leroy Springs & Company, INC.
- Sponsor EIN: 570344121
- Sponsor Address: 2201 HIGHWAY 21 BUSINESS, FORT MILL, SC, 297161209
- Plan Type: 401(k)
- Total Participants: 241
- Total Assets: $7.5M
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 | 241 | $7.5M | $355,809 | $528,963 |
| 2023 | 144 | $7.1M | $406,450 | $429,603 |
| 2022 | 121 | $5.8M | $213,839 | $364,638 |
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 | $19,756 | — | $19,756 |
| BUTLER AND STOWE CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BUTLER AND STOWE CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,756
- Estimated Expense Ratio: 0.263% 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 | $23,395 | $3,639 | $19,756 | — | — |
| 2023 | $21,073 | $2,984 | $18,089 | — | — |
| 2022 | $19,041 | $1,479 | $17,562 | — | — |