Plan Snapshot
- Plan Sponsor: Renfrow Brothers, INC.
- Sponsor EIN: 570970448
- Sponsor Address: 855 GOSSETT RD, SPARTANBURG, SC, 29307
- Plan Type: 401(k)
- Total Participants: 245
- Total Assets: $7.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 245 | $7.9M | $523,412 | $784,519 |
| 2023 | 217 | $6.7M | $482,840 | $701,423 |
| 2022 | 191 | $4.9M | $433,425 | $632,251 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $48,137 | — | $48,137 |
| NORTHWESTERN MUTUAL INVESTMENT SVCS | BROKER/ADVISOR | — | $16,724 | $16,724 |
| GOSNELL MENARD ROBINSON INFANTE CPA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,861
- Estimated Expense Ratio: 0.816% 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 | $52,376 | — | $52,376 | — | — |
| 2023 | $39,674 | — | $39,674 | — | — |
| 2022 | $36,302 | — | $36,302 | — | — |