Plan Snapshot
- Plan Sponsor: Sims Bark Co., INC.
- Sponsor EIN: 630829378
- Sponsor Address: 1765 SPRING VALLEY ROAD, TUSCUMBIA, AL, 35674
- Plan Type: 401(k)
- Total Participants: 265
- Total Assets: $8.1M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 265 | $8.1M | $210,340 | $519,667 |
| 2023 | 271 | $7.1M | $188,595 | $489,682 |
| 2022 | 258 | $5.6M | $205,328 | $499,025 |
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 |
|---|---|---|---|---|
| THE HIGHLANDS ACCOUNTING GROUP, INC | 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 | $52,701 | — | — | — | — |
| 2023 | $44,816 | — | — | — | — |
| 2022 | $43,128 | — | — | — | — |