Plan Snapshot
- Plan Sponsor: Reeds Jewelers, INC.
- Sponsor EIN: 561441706
- Sponsor Address: 2525 SOUTH 17TH STREET, WILMINGTON, NC, 28401
- Plan Type: 401(k)
- Total Participants: 753
- Total Assets: $34.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 753 | $34.9M | $553,683 | $2.7M |
| 2023 | 778 | $31.4M | $565,103 | $2.5M |
| 2022 | 692 | $26.4M | $527,995 | $2.6M |
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 |
|---|---|---|---|---|
| BERNARD, ROBINSON & CO | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BERNARD, ROBINSON & CO — Auditor
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 | $154,073 | $63,322 | $2,000 | — | — |
| 2023 | $129,437 | — | $116,809 | — | — |
| 2022 | $116,133 | — | $116,133 | — | — |