# Red Clay Industries, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/red-clay-industries-inc-561984970-501

> Red Clay Industries, INC.'s Health & Welfare plan: 44 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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