Plan Snapshot
- Plan Sponsor: Suminoe Textile Of America Corp.
- Sponsor EIN: 510468488
- Sponsor Address: 10 COMMERCE DRIVE, GAFFNEY, SC, 29340
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $3.4M
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 | 110 | $3.4M | $114,631 | $265,889 |
| 2023 | 112 | $2.9M | $99,627 | $251,747 |
| 2022 | 140 | $2.6M | $107,937 | $281,149 |
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 |
|---|---|---|---|---|
| ELLIOTT DAVIS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOTT DAVIS, LLC — 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 | $38,006 | $14,004 | $24,002 | — | — |
| 2023 | $40,774 | $11,654 | $29,120 | — | — |
| 2022 | $49,795 | $12,437 | $37,358 | — | — |