Plan Snapshot
- Plan Sponsor: Red Clay Industries, INC.
- Sponsor EIN: 561984970
- Sponsor Address: 10306 INDUSTRIAL DR, PINEVILLE, NC, 28134
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 44
- Total Assets: $120,081
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 44 | $120,081 | $387,463 | $117,346 |
| 2023 | 36 | $137,940 | $275,762 | $122,240 |
| 2022 | 38 | $36,916 | $172,315 | $141,504 |
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 |
|---|---|---|---|---|
| ACS BENEFITS SERVICES, LLC | Other Service Provider | $20,574 | — | $20,574 |
| THE BENECON GROUP | Investment Advisor | $14,550 | — | $14,550 |
| IMA FINANCIAL GROUP (ECM SOLUTIONS) | Investment Advisor | $12,404 | — | $12,404 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,528
- Estimated Expense Ratio: 39.580% 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 | $529,486 | — | — | — | — |
| 2023 | $274,221 | — | — | — | — |
| 2022 | $301,377 | — | — | — | — |