Plan Snapshot
- Plan Sponsor: Mcgee Brothers Co., INC.
- Sponsor EIN: 561146621
- Sponsor Address: 4608 CARRIKER ROAD, MONROE, NC, 28110
- Plan Type: 401(k)
- Total Participants: 574
- Total Assets: $32.6M
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 | 574 | $32.6M | $155,700 | $1.3M |
| 2023 | 546 | $28.9M | $192,708 | $1.0M |
| 2022 | 539 | $24.3M | $150,900 | $882,432 |
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 |
|---|---|---|---|---|
| MCCANNON, ROGERS, DRISCOLL & ASSOC | 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 | $69,402 | — | — | — | — |
| 2023 | $59,919 | $16,060 | — | — | — |
| 2022 | $60,067 | — | — | — | $33,636 |