# Sovereign Distributors, INC. T/A Avalon Flooring 401(k) Plan
Source: https://planprovider.pro/companies/sovereign-distributors-inc-t-a-avalon-flooring-401k-plan

> Sovereign Distributors, INC. T/A Avalon Flooring's 401(k) plan: 318 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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