Plan Snapshot
- Plan Sponsor: Sie Holdings, INC.
- Sponsor EIN: 871317918
- Sponsor Address: 12200 STEELE CREEK ROAD, CHARLOTTE, NC, 28273
- Plan Type: 401(k)
- Total Participants: 481
- Total Assets: $28.2M
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 | 481 | $28.2M | $1.2M | $2.3M |
| 2023 | 469 | $23.7M | $1.2M | $2.1M |
| 2022 | 420 | $18.6M | $952,063 | $1.8M |
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 | Recordkeeper | $79,294 | — | $79,294 |
| FIRST CITIZENS BANK AND TRUST COMPA | Investment Advisor | $45,000 | — | $45,000 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $16,872 | — | $16,872 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $141,166
- Estimated Expense Ratio: 0.501% 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 | $141,166 | $61,872 | — | — | — |
| 2023 | $119,344 | $57,769 | — | — | — |
| 2022 | $116,051 | $54,794 | $61,257 | — | — |