# Norman W. Fries, INC. Claxton 401(k) Plan
Source: https://planprovider.pro/companies/norman-w-fries-inc-claxton-401k-plan

> Norman W. Fries, INC. Claxton's 401(k) plan: 2,924 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/northwestern-mutual) — SERVICE PROVIDER

- [FROST PLLC](https://planprovider.pro/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|—|—|—|—|

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