# Salem Holding Company 401(k) Plan
Source: https://planprovider.pro/companies/salem-holding-company-561740888-001

> Salem Holding Company's 401(k) plan: 828 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Salem Holding Company

- **Sponsor EIN:** 561740888

- **Sponsor Address:** 175 CHARLOIS BOULEVARD, WINSTON-SALEM, NC, 27103

- **Plan Type:** 401(k)

- **Plan Number:** 001

- **Total Participants:** 828

- **Total Assets:** $34.8M

## 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|828|$34.8M|$546,380|$3.0M|

| 2023|803|$32.3M|$673,536|$2.9M|

| 2022|813|$27.8M|$655,208|$2.7M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|Recordkeeper|$114,975|—|$114,975|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $114,975

- **Estimated Expense Ratio:** 0.330% 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|$114,975|—|$114,975|—|—|

| 2023|$107,442|$12,981|$94,461|—|—|

| 2022|$84,411|—|$84,411|—|—|

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