Plan Snapshot
- Plan Sponsor: Tietex International Ltd
- Sponsor EIN: 570551905
- Sponsor Address: PO BOX 6218, SPARTANBURG, SC, 29304
- Plan Type: 401(k)
- Total Participants: 373
- Total Assets: $28.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 373 | $28.9M | $0 | $1.3M |
| 2023 | 332 | $28.1M | $0 | $1.3M |
| 2022 | 386 | $25.5M | $1.0M | $1.7M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $8,797 | — | $8,797 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $8,225 | — | $8,225 |
| FIRST CITIZENS INVESTOR SERVICES | ADVISOR | $6,667 | — | $6,667 |
| CHERRY BEKAERT LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,689
- Estimated Expense Ratio: 0.082% 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 | $23,688 | $15,463 | — | — | — |
| 2023 | $18,954 | $10,823 | — | — | — |
| 2022 | $16,889 | $7,414 | — | — | — |