Plan Snapshot
- Plan Sponsor: Taylor King Furniture, INC.
- Sponsor EIN: 561723328
- Sponsor Address: 286 COUNTY HOME ROAD, TAYLORSVILLE, NC, 28681
- Plan Type: 401(k)
- Total Participants: 174
- Total Assets: $5.7M
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 | 174 | $5.7M | $94,428 | $316,381 |
| 2023 | 197 | $5.0M | $83,200 | $266,270 |
| 2022 | 165 | $4.3M | $77,177 | $246,353 |
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 |
|---|---|---|---|---|
| MARTIN STARNES & ASSO | Auditor | — | — | $0 |
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 | $17,162 | $5,615 | — | — | — |
| 2023 | $9,647 | — | — | — | — |
| 2022 | $13,225 | $3,020 | $10,205 | — | — |