Plan Snapshot
- Plan Sponsor: Mitchell Grocery Corporation
- Sponsor EIN: 630499227
- Sponsor Address: P.O. BOX 370, ALBERTVILLE, AL, 35950
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 888
- Total Assets: $23.8M
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 | 888 | $23.8M | $502,803 | $540,538 |
| 2023 | 880 | $22.1M | $499,606 | $542,374 |
| 2022 | 819 | $20.3M | $527,403 | $475,351 |
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 |
|---|---|---|---|---|
| CAPITAL GROUP RETIREMENT PLAN SVCS. | Recordkeeper | $56,489 | — | $56,489 |
| WAVERLY ADVISORS LLC | Investment Advisor | $45,467 | — | $45,467 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,956
- Estimated Expense Ratio: 0.428% 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 | $101,956 | $45,467 | — | — | — |
| 2023 | $125,834 | $40,622 | — | — | — |
| 2022 | $99,543 | — | $99,543 | — | — |