Plan Snapshot
- Plan Sponsor: Shelco, LLC
- Sponsor EIN: 561190111
- Sponsor Address: 2359 PERIMETER POINTE PKWY., CHARLOTTE, NC, 28208
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 176
- Total Assets: $18.1M
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 | 176 | $18.1M | $0 | $0 |
| 2024 | 122 | $16.3M | $0 | $1.4M |
| 2023 | 137 | $17.8M | $0 | $1.4M |
| 2022 | 129 | $14.6M | $0 | $1.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $67,210 | — | $67,210 |
| LPL FINANCIAL LLC | Investment Advisor | — | $36,508 | $36,508 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,718
- Estimated Expense Ratio: 0.574% 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 | $2,164,412 | $1,353 | — | — | — |
| 2024 | $42,773 | $964 | — | — | — |
| 2023 | $2,025 | $709 | — | — | — |
| 2022 | $1,695 | — | $1,695 | — | — |