Plan Snapshot
- Plan Sponsor: Seegars Fence Company, INC.
- Sponsor EIN: 560506950
- Sponsor Address: 401 PATETOWN ROAD, GOLDSBORO, NC, 27530
- Plan Type: 401(k)
- Total Participants: 257
- Total Assets: $12.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 257 | $12.3M | $668,042 | $870,896 |
| 2023 | 239 | $10.1M | $649,645 | $823,084 |
| 2022 | 235 | $7.4M | $580,297 | $753,362 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Other Service Provider | $41,157 | — | $41,157 |
| ALLEGIANCE FINANCIAL GROUP ADVISORY | Other Service Provider | $30,136 | — | $30,136 |
| CORPORATE PLANS & SERVICES, INC. | Other Service Provider | $16,636 | — | $16,636 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,929
- Estimated Expense Ratio: 0.716% 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 | $92,654 | — | — | — | — |
| 2023 | $77,890 | — | — | — | — |
| 2022 | $68,575 | — | — | — | — |