Plan Snapshot
- Plan Sponsor: Teamcraft Roofing
- Sponsor EIN: 561986226
- Sponsor Address: 1316 N. LONG ST., SALISBURY, NC, 28144
- Plan Type: 401(k)
- Total Participants: 174
- Total Assets: $5.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 174 | $5.6M | $69,511 | $637,712 |
| 2023 | 160 | $4.8M | $0 | $546,102 |
| 2022 | 156 | $3.9M | $63,060 | $506,383 |
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 |
|---|---|---|---|---|
| BROCK, SCHECTER AND POLAKOFF, LLP | 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 | $16,233 | — | $4,278 | — | — |
| 2023 | $33,701 | — | $33,701 | — | — |
| 2022 | $27,359 | — | $27,359 | — | — |