Plan Snapshot
- Plan Sponsor: National Spinning Co., INC.
- Sponsor EIN: 111117990
- Sponsor Address: 1481 WEST 2ND ST, WASHINGTON, NC, 27889
- Plan Type: 401(k)
- Total Participants: 85
- Total Assets: $7.0M
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 | 85 | $7.0M | $0 | $162,624 |
| 2023 | 241 | $7.8M | $0 | $261,638 |
| 2022 | 245 | $8.0M | $0 | $373,079 |
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 |
|---|---|---|---|---|
| THOMAS, JUDY & TUCKER, PA | 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 | $32,643 | $7,896 | $24,747 | — | — |
| 2023 | $35,346 | $8,373 | $26,973 | — | — |
| 2022 | $36,011 | $9,375 | $26,636 | — | — |