Plan Snapshot
- Plan Sponsor: Renfro Corporation
- Sponsor EIN: 560375140
- Sponsor Address: 661 LINVILLE ROAD, MOUNT AIRY, NC, 270303101
- Plan Type: DB
- Plan Number: 004
- Total Participants: 50
- Total Assets: $8.4M
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 | 50 | $8.4M | $283,864 | $0 |
| 2023 | 53 | $8.0M | $487,343 | $0 |
| 2022 | 55 | $9.0M | $503,771 | $0 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH | Other Service Provider | $34,639 | $494 | $35,133 |
| SAGEVIEW CONSULTING GROUP | Other Service Provider | $28,305 | — | $28,305 |
| BANK OF AMERICA | Other Service Provider | $15,885 | — | $15,885 |
| BUTLER + BURKE LLP | Other Service Provider | $8,000 | — | $8,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,323
- Estimated Expense Ratio: 1.038% 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 | $197,102 | $34,639 | — | $8,000 | — |
| 2023 | $312,225 | $38,327 | — | $7,750 | — |
| 2022 | $348,806 | $56,177 | — | — | $39,405 |