Plan Snapshot
- Plan Sponsor: Shuford Yarns, LLC
- Sponsor EIN: 204814975
- Sponsor Address: 1985 TATE BLVD, SE. SUITE 754, HICKORY, NC, 28602
- Plan Type: 401(k)
- Total Participants: 178
- Total Assets: $7.0M
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 | 178 | $7.0M | $197,634 | $362,212 |
| 2023 | 159 | $6.2M | $174,242 | $361,743 |
| 2022 | 168 | $5.2M | $99,082 | $338,375 |
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 |
|---|---|---|---|---|
| DAVIDSON, HOLLAND & WHITESELL PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $41,964 | $19,439 | $18,344 | — | — |
| 2023 | $38,734 | $16,598 | $16,816 | — | — |
| 2022 | $32,468 | $19,035 | $13,433 | — | — |