Plan Snapshot
- Plan Sponsor: Norman W. Fries, INC. Claxton
- Sponsor EIN: 580703332
- Sponsor Address: 8816 HIGHWAY 301N P O BOX 428, CLAXTON, GA, 30417
- Plan Type: 401(k)
- Total Participants: 2,924
- Total Assets: $20.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,924 | $20.4M | $456,174 | $1.0M |
| 2023 | 650 | $20.6M | $500,459 | $957,069 |
| 2022 | 2,566 | $20.8M | $478,970 | $910,860 |
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 |
|---|---|---|---|---|
| NORTHWESTERN MUTUAL WEALTH MANAGEME | SERVICE PROVIDER | — | $22,526 | $22,526 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $11,788 | — | $11,788 |
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $9,245 | $59 | $9,304 |
| FROST PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORTHWESTERN MUTUAL WEALTH MANAGEME — SERVICE PROVIDER
- FROST PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,618
- 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 |
|---|---|---|---|---|---|
| 2024 | $21,033 | $11,796 | $8,350 | — | — |
| 2023 | $16,603 | $9,903 | $5,550 | — | — |
| 2022 | $15,775 | — | — | — | — |