Plan Snapshot
- Plan Sponsor: M. R. Williams, INC.
- Sponsor EIN: 561130993
- Sponsor Address: 235 RALEIGH ROAD, HENDERSON, NC, 27536
- Plan Type: 401(k)
- Total Participants: 581
- Total Assets: $10.8M
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 | 581 | $10.8M | $212,769 | $597,836 |
| 2023 | 303 | $10.3M | $210,426 | $658,642 |
| 2022 | 290 | $9.2M | $214,145 | $605,160 |
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 |
|---|---|---|---|---|
| NATIONWIDE | Recordkeeper | $29,119 | — | $29,119 |
| CAROLINA WEALTH MANAGEMENT INC | Investment Advisor | $21,354 | — | $21,354 |
| PROACCOUNT | Recordkeeper | $10,382 | — | $10,382 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — Recordkeeper
- CAROLINA WEALTH MANAGEMENT INC — Investment Advisor
- PROACCOUNT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,855
- Estimated Expense Ratio: 0.565% 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 | $37,817 | — | — | — | — |
| 2023 | $47,826 | — | $47,826 | — | — |
| 2022 | $53,733 | — | $53,733 | — | — |