Plan Snapshot
- Plan Sponsor: Tands INC.
- Sponsor EIN: 561243097
- Sponsor Address: 335 N. QUEEN ST., KINSTON, NC, 28501
- Plan Type: 401(k)
- Total Participants: 5,850
- Total Assets: $3.4M
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 | 5,850 | $3.4M | $212,552 | $361,694 |
| 2023 | 5,685 | $3.0M | $22,392 | $279,592 |
| 2022 | 5,549 | $3.2M | $20,732 | $269,223 |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | NONE | $1,409 | $17,459 | $18,868 |
| DODSON SHELTON & NELSON P.A. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,868
- Estimated Expense Ratio: 0.548% 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 | $809 | — | $809 | — | — |
| 2023 | $933 | — | $933 | — | — |
| 2022 | $1,135 | — | $1,135 | — | — |