Plan Snapshot
- Plan Sponsor: Spx Enterprises, LLC
- Sponsor EIN: 881769617
- Sponsor Address: 6325 ARDREY KELL ROAD, CHARLOTTE, NC, 28277
- Plan Type: 401(k)
- Total Participants: 3,506
- Total Assets: $969.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 3,506 | $969.4M | $11.3M | $20.3M |
| 2023 | 3,529 | $825.6M | $9.8M | $17.4M |
| 2022 | 2,872 | $687.3M | $8.1M | $15.0M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $277,408 | — | $277,408 |
| MERCER INVESTMENT MANAGEMENT, INC. | INVESTMENT ADVISOR | $94,515 | — | $94,515 |
| PLANTE & MORAN PLLC | ACCOUNTANT/AUDITOR | $43,000 | — | $43,000 |
| BDO USA, P.C. | Auditor | $43,000 | — | $43,000 |
| JENNER AND BLOCK LLP | ATTORNEY/LEGAL | $36,008 | — | $36,008 |
| WILLISTOWERSWATSON | CONSULTANT | $15,264 | — | $15,264 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- PLANTE & MORAN PLLC — ACCOUNTANT/AUDITOR
- BDO USA, P.C. — Auditor
- WILLISTOWERSWATSON — CONSULTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $509,195
- Estimated Expense Ratio: 0.053% 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 | $466,195 | $94,515 | $3,300 | $43,000 | — |
| 2023 | $388,661 | — | $1,500 | $44,600 | — |
| 2022 | $485,668 | — | — | — | $485,668 |