Plan Snapshot
- Plan Sponsor: Sapona Yarns, LLC
- Sponsor EIN: 862645786
- Sponsor Address: 2478 CEDAR FALLS ROAD, FRANKLINVILLE, NC, 27248
- Plan Type: 401(k)
- Total Participants: 141
- Total Assets: $1.3M
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 | 141 | $1.3M | $60,062 | $128,841 |
| 2023 | 138 | $1.1M | $60,689 | $168,858 |
| 2022 | 158 | $689,877 | $67,197 | $166,054 |
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 |
|---|---|---|---|---|
| CAPITAL GROUP RETIREMENT PLAN SVCS. | Recordkeeper | $19,386 | — | $19,386 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,386
- Estimated Expense Ratio: 1.437% 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 | $22,244 | $2,858 | — | — | — |
| 2023 | $18,625 | $1,993 | — | — | — |
| 2022 | $6,419 | — | $6,419 | — | — |