Plan Snapshot
- Plan Sponsor: Team Ronco Incorporated
- Sponsor EIN: 160905768
- Sponsor Address: 604 E FRONT STREET #324, CLAYTON, NC, 27520
- Plan Type: 401(k)
- Total Participants: 137
- Total Assets: $31.1M
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 | 137 | $31.1M | $687,691 | $1.3M |
| 2023 | 128 | $30.5M | $440,588 | $1.1M |
| 2022 | 124 | $26.0M | $272,992 | $1.0M |
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 |
|---|---|---|---|---|
| FREED MAXICK CPA'S | 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 | $68,846 | — | $68,846 | — | — |
| 2023 | $67,579 | — | $67,579 | — | — |
| 2022 | $68,501 | — | $68,501 | — | — |