Plan Snapshot
- Plan Sponsor: Sparrow & Kennedy Tractor Co INC
- Sponsor EIN: 201376173
- Sponsor Address: PO BOX 246, BISHOPVILLE, SC, 29010
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 112
- Total Assets: $12.8M
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. |
|---|---|---|---|---|
| 2025 | 112 | $12.8M | $0 | $0 |
| 2024 | 112 | $11.1M | $231,494 | $559,837 |
| 2023 | 116 | $10.4M | $243,702 | $559,791 |
| 2022 | 125 | $9.1M | $244,551 | $517,366 |
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 |
|---|---|---|---|---|
| NICHOLS, CAULEY & ASSOC. | 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 |
|---|---|---|---|---|---|
| 2025 | $615,373 | — | $85 | — | — |
| 2024 | $1,553 | — | — | — | — |
| 2023 | $1,146 | $976 | $170 | — | — |
| 2022 | $673 | $633 | $40 | — | — |