Plan Snapshot
- Plan Sponsor: The Springs Company
- Sponsor EIN: 570145000
- Sponsor Address: P.O. BOX 1449, FORT MILL, SC, 29716
- Plan Type: 401(k)
- Total Participants: 93
- Total Assets: $17.9M
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 | 93 | $17.9M | $478,797 | $709,183 |
| 2023 | 85 | $15.2M | $441,092 | $674,255 |
| 2022 | 81 | $13.7M | $435,499 | $613,349 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $29,354 | — | $29,354 |
| INDEPENDENT ADVISOR ALLIANCE | INVESTMENT ADVISORY | $8,212 | $5 | $8,217 |
| BUTLER AND STOWE CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BUTLER AND STOWE CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,571
- Estimated Expense Ratio: 0.210% 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 | $37,570 | $8,215 | $29,355 | — | — |
| 2023 | $34,712 | $6,822 | $27,890 | — | — |
| 2022 | $37,564 | $3,535 | $34,029 | — | — |