Plan Snapshot
- Plan Sponsor: Spuntech Industries, INC.
- Sponsor EIN: 651175760
- Sponsor Address: 555 N. PARK DRIVE, ROXBORO, NC, 27573
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 268
- Total Assets: $14.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 268 | $14.7M | $0 | $0 |
| 2024 | 212 | $12.3M | $488,075 | $1.0M |
| 2023 | 194 | $10.5M | $437,170 | $940,828 |
| 2022 | 184 | $8.7M | $417,698 | $901,105 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL LLC | Investment Advisor | — | $26,200 | $26,200 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $6,777 | — | $6,777 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,977
- Estimated Expense Ratio: 0.225% 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 |
|---|---|---|---|---|---|
| 2025 | $1,245,791 | — | — | — | — |
| 2024 | $7,901 | — | — | — | — |
| 2023 | $8,119 | — | — | — | — |
| 2022 | $6,677 | — | — | — | — |