Plan Snapshot
- Plan Sponsor: Sovereign Distributors, INC. T/A Avalon Flooring
- Sponsor EIN: 222985143
- Sponsor Address: 2030 SPRINGDALE ROAD, CHERRY HILL, NJ, 08003
- Plan Type: DC
- Plan Number: 002
- Total Participants: 294
- Total Assets: $23.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 294 | $23.4M | $2.2M | $0 |
| 2023 | 308 | $27.6M | $2.0M | $0 |
| 2022 | 322 | $31.0M | $1.3M | $0 |
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 |
|---|---|---|---|---|
| MENKE & ASSOCIATES | Other Service Provider | $40,147 | — | $40,147 |
| CAPALDI, REYNOLDS & PELOSI, PA | Other Service Provider | $27,850 | — | $27,850 |
| ISAACKS & ASSOCIATES, LTD., LLP | Other Service Provider | $19,800 | — | $19,800 |
| WEINRESS & ASSOCIATES | Other Service Provider | $8,000 | — | $8,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,797
- Estimated Expense Ratio: 0.409% 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 | $176,426 | — | — | $95,858 | — |
| 2023 | $201,820 | — | $37,342 | $51,250 | — |
| 2022 | $70,046 | — | $46,301 | — | $13,950 |