# Sanford Contractors, INC. 401(k) Plan
Source: https://planprovider.pro/companies/sanford-contractors-inc-401k-plan

> Sanford Contractors, INC.'s 401(k) plan: 172 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sanford Contractors, INC.

- **Sponsor EIN:** 560939285

- **Sponsor Address:** PO BOX 9, LEMON SPRINGS, NC, 28355

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

- **Total Participants:** 172

- **Total Assets:** $11.5M

## 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|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|

| CAPFINANCIAL PARTNERS, LLC|INVESTMENT/FINANCIAL ADVI|$73,409|—|$73,409|

| ADP, INC.|RECORD KEEPER|$15,913|—|$15,913|

| WILLIAMS OVERMAN PIERCE, LLP|ACCOUNTANT|$14,000|—|$14,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [WILLIAMS OVERMAN PIERCE, LLP](https://planprovider.pro/provider/williams-overman-pierce-llp) — ACCOUNTANT

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $103,322

- **Estimated Expense Ratio:** 0.899% 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|$66,619|$36,705|—|—|—|

| 2023|$57,503|$47,683|—|—|—|

| 2022|$57,605|—|—|—|—|

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