Plan Snapshot
- Plan Sponsor: Lwin Family Co., LLC
- Sponsor EIN: 562065375
- Sponsor Address: 11949 STEELE CREEK RD, CHARLOTTE, NC, 28273
- Plan Type: 401(k)
- Total Participants: 198
- Total Assets: $8.9M
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 | 198 | $8.9M | $391,605 | $751,176 |
| 2023 | 202 | $7.2M | $366,178 | $693,736 |
| 2022 | 202 | $5.3M | $402,082 | $716,089 |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT | Auditor | — | — | $0 |
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 | $25,760 | — | — | — | — |
| 2023 | $15,442 | — | — | — | — |
| 2022 | $2,492 | — | $2,492 | — | — |