Plan Snapshot
- Plan Sponsor: Sorinex Exercise Equipment, INC.
- Sponsor EIN: 571031278
- Sponsor Address: 193 LITTON DRIVE, LEXINGTON, SC, 29073
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $2.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 142 | $2.0M | $55,178 | $286,440 |
| 2023 | 143 | $1.5M | $87,047 | $250,180 |
| 2022 | 132 | $1.1M | $82,248 | $247,582 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $32,291 | — | $32,291 |
| MAULDIN & JENKINS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- MAULDIN & JENKINS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,291
- Estimated Expense Ratio: 1.621% 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 | $7,829 | — | $7,829 | — | — |
| 2023 | $9,402 | — | $9,402 | — | — |
| 2022 | $10,949 | — | $10,949 | — | — |