Plan Snapshot
- Plan Sponsor: Nederman Holding Usa, INC.
- Sponsor EIN: 800699546
- Sponsor Address: 4404 CHESAPEAKE DRIVE, CHARLOTTE, NC, 28216
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 658
- Total Assets: $45.8M
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. |
|---|---|---|---|---|
| 2025 | 658 | $45.8M | $0 | $0 |
| 2024 | 562 | $41.7M | $1.2M | $2.4M |
| 2023 | 548 | $37.7M | $1.1M | $2.2M |
| 2022 | 503 | $31.5M | $903,424 | $1.8M |
| 2020 | 384 | $0 | $0 | $0 |
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 | $63,157 | — | $63,157 |
| MVP PLAN ADMINISTRATORS | Recordkeeper | $22,329 | — | $22,329 |
| CHARLES SCHWAB TRUST BANK | Custodian / Trustee | $12,655 | — | $12,655 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,141
- Estimated Expense Ratio: 0.214% 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 |
|---|---|---|---|---|---|
| 2025 | $6,426,818 | $63,157 | — | — | — |
| 2024 | $93,364 | $62,215 | — | — | — |
| 2023 | $82,795 | $58,564 | $15,186 | — | — |
| 2022 | $82,560 | $58,737 | $13,726 | — | — |
| 2020 | — | — | — | — | — |