Plan Snapshot
- Plan Sponsor: The Budd Group, INC.
- Sponsor EIN: 560750470
- Sponsor Address: PO BOX 25128, WINSTON-SALEM, NC, 271145128
- Plan Type: 401(k)
- Total Participants: 2,283
- Total Assets: $5.4M
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 | 2,283 | $5.4M | $202,736 | $774,586 |
| 2023 | 1,928 | $4.6M | $150,391 | $578,344 |
| 2022 | 1,780 | $3.7M | $0 | $493,785 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $63,168 | — | $63,168 |
| BERNARD ROBINSON & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- BERNARD ROBINSON & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,168
- Estimated Expense Ratio: 1.159% 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 | $15,863 | — | $15,863 | — | — |
| 2023 | $18,459 | — | $18,459 | — | — |
| 2022 | $7,180 | — | $7,180 | — | — |