Plan Snapshot
- Plan Sponsor: Nilit America INC
- Sponsor EIN: 132767050
- Sponsor Address: 420 INDUSTRIAL PARK RD, RIDGEWAY, VA, 241484439
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $4.4M
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 | 110 | $4.4M | $190,938 | $272,447 |
| 2023 | 127 | $4.4M | $225,154 | $327,432 |
| 2022 | 143 | $4.8M | $207,430 | $295,803 |
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 |
|---|---|---|---|---|
| BROWN EDWARDS & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BROWN EDWARDS & COMPANY — Auditor
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 | $25,044 | $12,527 | $12,517 | — | — |
| 2023 | $17,787 | $3,139 | $14,248 | — | — |
| 2022 | $21,208 | $14,648 | $6,465 | — | — |