Plan Snapshot
- Plan Sponsor: M.G. Newell Corporation
- Sponsor EIN: 561443724
- Sponsor Address: 301 CITATION CT., GREENSBORO, NC, 27409
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $24.6M
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 | 119 | $24.6M | $440,694 | $1.2M |
| 2023 | 121 | $22.1M | $380,826 | $1.1M |
| 2022 | 111 | $18.1M | $126,342 | $1.0M |
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 |
|---|---|---|---|---|
| DODSON, SHELTON & NELSON, P.A. | 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 | $90,708 | $68,281 | — | — | — |
| 2023 | $82,435 | $63,817 | — | — | — |
| 2022 | $81,361 | $62,621 | $18,740 | — | — |