# The Springs Company 401(k) Plan
Source: https://planprovider.pro/companies/the-springs-company-401k-plan

> The Springs Company's 401(k) plan: 93 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/butler-and-stowe) — 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|—|—|

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