Plan Snapshot
- Plan Sponsor: Samet Corporation
- Sponsor EIN: 560794883
- Sponsor Address: 309 GALLIMORE DAIRY ROAD, GREENSBORO, NC, 27409
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 617
- Total Assets: $48.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 617 | $48.4M | $0 | $0 |
| 2024 | 553 | $38.8M | $1.0M | $4.2M |
| 2023 | 532 | $34.0M | $1.1M | $3.7M |
| 2022 | 502 | $25.1M | $824,844 | $2.8M |
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 CO | Recordkeeper | $66,091 | — | $66,091 |
| WELLTH ADVISORY SERVICES | Investment Advisor | $28,500 | — | $28,500 |
| STRATEGIC RET ADMINISTRATION LLC | Recordkeeper | — | $20,527 | $20,527 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,118
- Estimated Expense Ratio: 0.238% 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 |
|---|---|---|---|---|---|
| 2025 | $4,727,478 | — | $94,592 | — | — |
| 2024 | $92,100 | — | $92,100 | — | — |
| 2023 | $69,179 | — | $69,179 | — | — |
| 2022 | $71,814 | — | $71,814 | — | — |