Plan Snapshot
- Plan Sponsor: Nederman Holding Usa, INC.
- Sponsor EIN: 800699546
- Sponsor Address: 4404 CHESAPEAKE DRIVE, CHARLOTTE, NC, 28216
- Plan Type: 401(k)
- Total Participants: 562
- Total Assets: $41.7M
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 | 562 | $41.7M | $1.2M | $2.4M |
| 2023 | 548 | $37.7M | $1.1M | $2.2M |
| 2022 | 503 | $31.5M | $903,424 | $1.8M |
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 |
|---|---|---|---|---|
| BEACON POINTE INVESTMENT ADVISORY | INVESTMENT ADVISOR | $62,215 | — | $62,215 |
| MVP PLAN ADMINISTRATORS | RECORDKEEPER | $19,464 | — | $19,464 |
| CHARLES SCHWAB TRUST BANK | CUSTODIAN | $11,503 | — | $11,503 |
| GREER WALKER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BEACON POINTE INVESTMENT ADVISORY — INVESTMENT ADVISOR
- CHARLES SCHWAB TRUST BANK — CUSTODIAN
- GREER WALKER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,182
- Estimated Expense Ratio: 0.223% 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 | $93,364 | $62,215 | — | — | — |
| 2023 | $82,795 | $58,564 | $15,186 | — | — |
| 2022 | $82,560 | $58,737 | $13,726 | — | — |