Plan Snapshot
- Plan Sponsor: Maynard Nexsen, PC
- Sponsor EIN: 630864426
- Sponsor Address: 1901 6TH AVE. N SUITE 1700, BIRMINGHAM, AL, 352032629
- Plan Type: 401(k)
- Total Participants: 801
- Total Assets: $409.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 801 | $409.8M | $15.2M | $10.3M |
| 2023 | 876 | $309.1M | $13.4M | $8.8M |
| 2022 | 442 | $255.2M | $7.5M | $5.2M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $365,286 | — | $365,286 |
| SAVANT CAPITAL LLC | NONE | $118,635 | — | $118,635 |
| RFG ADVISORY LLC | NONE | $64,782 | — | $64,782 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | NONE | $64,596 | — | $64,596 |
| HIGHTOWER ADVISORS LLC | NONE | $59,195 | — | $59,195 |
| CHEVY CHASE TRUST COMPANY | NONE | $43,553 | — | $43,553 |
| THE WELCH GROUP LLC | NONE | $25,444 | — | $25,444 |
| DMC WEALTH MANAGEMENT LLC | NONE | $24,317 | — | $24,317 |
| CAPFINANCIAL PARTNERS LLC | NONE | $22,494 | — | $22,494 |
| WARREN AVERITT LLC | Auditor | $22,000 | — | $22,000 |
| WARREN AVERETT, LLC | NONE | $22,000 | — | $22,000 |
| MAYFAIR ADVISORY GROUP LLC | NONE | $13,341 | — | $13,341 |
| HAYEK KALLEN INVESTMENT MANAGMENT | NONE | $11,794 | — | $11,794 |
| PRINCIPAL FINANCIAL GROUP | NONE | $9,331 | — | $9,331 |
| CHARLES SCHWAB & COMPANY, INC. | NONE | $6,819 | — | $6,819 |
| WAVERLY ADVISORS LLC | NONE | $6,456 | — | $6,456 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAVANT CAPITAL LLC — NONE
- WARREN AVERITT LLC — Auditor
- WARREN AVERETT, LLC — NONE
- CHARLES SCHWAB & COMPANY, INC. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $880,043
- Estimated Expense Ratio: 0.215% 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 | $4,878 | $73,926 | — | $22,000 | — |
| 2023 | $275,979 | $130,218 | — | $18,900 | — |
| 2022 | $407,092 | — | $407,092 | — | — |