Plan Snapshot
- Plan Sponsor: Transource, INC.
- Sponsor EIN: 561325586
- Sponsor Address: 8700 TRIAD DRIVE, COLFAX, NC, 27235
- Plan Type: 401(k)
- Total Participants: 361
- Total Assets: $15.2M
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 | 361 | $15.2M | $267,221 | $895,351 |
| 2023 | 308 | $12.2M | $200,934 | $840,398 |
| 2022 | 295 | $9.4M | $179,823 | $678,472 |
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 |
|---|---|---|---|---|
| WELLS FARGO CLEARING SERVICES LLC | ADVISOR | — | $29,774 | $29,774 |
| DMJPS, PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,774
- Estimated Expense Ratio: 0.196% 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 | $75 | — | — | — | — |
| 2023 | $125 | — | — | — | — |
| 2022 | $50 | — | — | — | — |