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: 401(k)
- Total Participants: 318
- Total Assets: $27.2M
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 | 318 | $27.2M | $0 | $1.6M |
| 2023 | 324 | $23.8M | $11,940 | $1.7M |
| 2022 | 349 | $20.9M | $307,048 | $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 |
|---|---|---|---|---|
| CAPALDI REYNOLDS & PELOSI | Auditor | $15,750 | — | $15,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,750
- Estimated Expense Ratio: 0.058% 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 | $117,713 | $34,322 | — | $15,750 | — |
| 2023 | $106,680 | $31,679 | — | $15,000 | — |
| 2022 | $110,820 | — | — | — | — |