Plan Snapshot
- Plan Sponsor: Paramont Mfg LLC
- Sponsor EIN: 260003188
- Sponsor Address: 18259 WESTINGHOUSE RD, ABINGDON, VA, 242107931
- Plan Type: DC
- Total Participants: 577
- Total Assets: $11.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 577 | $11.3M | $1.0M | $1.1M |
| 2023 | 487 | $9.2M | $872,563 | $992,001 |
| 2022 | 369 | $8.1M | $588,728 | $717,242 |
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 |
|---|---|---|---|---|
| JAMES R HUGHES, CPA, CGMA | Auditor | — | — | $0 |
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 | $30,345 | — | $30,345 | — | — |
| 2023 | $27,530 | — | $27,530 | — | — |
| 2022 | $64,530 | — | $64,530 | — | — |