Plan Snapshot
- Plan Sponsor: Swing Transport INC
- Sponsor EIN: 561088358
- Sponsor Address: 1405 N SALISBURY AVENUE, SALISBURY, NC, 28144
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $1.7M
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. |
|---|---|---|---|---|
| 2024 | 142 | $1.7M | $0 | $52,648 |
| 2023 | 159 | $1.9M | $50,000 | $59,906 |
| 2022 | 144 | $1.7M | $50,044 | $58,298 |
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 |
|---|---|---|---|---|
| AMERITAS LIFE INSURANCE CORP | BUNDLED RECORDKEEPER | $5,744 | — | $5,744 |
| TURLINGTON AND COMPANY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERITAS LIFE INSURANCE CORP — BUNDLED RECORDKEEPER
- TURLINGTON AND COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,744
- Estimated Expense Ratio: 0.340% 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 | $2,942 | — | — | — | — |
| 2023 | $2,522 | — | — | — | — |
| 2022 | $2,621 | — | — | — | — |