Plan Snapshot
- Plan Sponsor: Sanford Contractors, INC.
- Sponsor EIN: 560939285
- Sponsor Address: PO BOX 9, LEMON SPRINGS, NC, 28355
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 245
- Total Assets: $13.8M
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. |
|---|---|---|---|---|
| 2025 | 245 | $13.8M | $0 | $0 |
| 2024 | 172 | $11.5M | $190,629 | $541,161 |
| 2023 | 169 | $10.8M | $180,722 | $492,818 |
| 2022 | 171 | $10.5M | $188,227 | $501,030 |
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 |
|---|---|---|---|---|
| SORREN CPAS P.C. | Auditor | $14,995 | — | $14,995 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,995
- Estimated Expense Ratio: 0.109% 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 | $450,533 | $39,606 | — | $14,995 | — |
| 2024 | $66,619 | $36,705 | — | — | — |
| 2023 | $57,503 | $47,683 | — | — | — |
| 2022 | $57,605 | — | — | — | — |