Plan Snapshot
- Plan Sponsor: Stowers Machinery Corporation
- Sponsor EIN: 620636387
- Sponsor Address: P.O. BOX 14802, KNOXVILLE, TN, 37914
- Plan Type: 401(k)
- Total Participants: 500
- Total Assets: $87.4M
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 | 500 | $87.4M | $2.2M | $4.0M |
| 2023 | 474 | $81.0M | $2.9M | $3.4M |
| 2022 | 410 | $68.4M | $2.5M | $3.1M |
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 |
|---|---|---|---|---|
| LBMC, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LBMC, PC — Auditor
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 |
|---|---|---|---|---|---|
| 2024 | $302,478 | $116,315 | $76,217 | — | — |
| 2023 | $290,408 | $132,608 | $65,435 | — | — |
| 2022 | $262,290 | $119,253 | $143,037 | — | — |