Plan Snapshot
- Plan Sponsor: The Conway National Bank
- Sponsor EIN: 570146256
- Sponsor Address: 1400 THIRD AVENUE, CONWAY, SC, 29526
- Plan Type: 401(k)
- Total Participants: 227
- Total Assets: $53.4M
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 | 227 | $53.4M | $794,569 | $1.3M |
| 2023 | 219 | $50.2M | $505,843 | $1.3M |
| 2022 | 223 | $45.3M | $606,935 | $1.2M |
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 |
|---|---|---|---|---|
| ELLIOTT DAVIS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOTT DAVIS — Auditor
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 | $111,270 | $66,238 | $45,032 | — | — |
| 2023 | $109,252 | $65,000 | $44,252 | — | — |
| 2022 | $110,294 | $68,263 | $42,031 | — | — |