Plan Snapshot
- Plan Sponsor: Nelson Brothers, INC.
- Sponsor EIN: 630479482
- Sponsor Address: 820 SHADES CREEK PARKWAY, BIRMINGHAM, AL, 35209
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 489
- Total Assets: $54.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 489 | $54.8M | $1.6M | $2.5M |
| 2023 | 471 | $53.0M | $1.5M | $2.4M |
| 2022 | 457 | $44.6M | $1.3M | $2.1M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Investment Advisor | $42,511 | — | $42,511 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Other Service Provider | $25,114 | — | $25,114 |
| MURFEE MEADOWS, INC. | Recordkeeper | — | $24,698 | $24,698 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,323
- Estimated Expense Ratio: 0.168% 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 | $242,410 | $68,104 | $174,306 | — | — |
| 2023 | $227,666 | $179,337 | $24,754 | $23,575 | — |
| 2022 | $216,164 | $158,498 | $18,790 | — | $38,876 |