Plan Snapshot
- Plan Sponsor: Turbocoating Corp.
- Sponsor EIN: 990362534
- Sponsor Address: 1928 MAIN AVE SE, HICKORY, NC, 28602
- Plan Type: 401(k)
- Total Participants: 852
- Total Assets: $36.8M
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 | 852 | $36.8M | $1.1M | $2.2M |
| 2023 | 596 | $28.4M | $1.0M | $1.5M |
| 2022 | 431 | $23.8M | $691,435 | $1.3M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $32,086 | — | $32,086 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $18,550 | — | $18,550 |
| KESTRA INVESTMENT SERVICES LLC | ADVISOR | $10,031 | — | $10,031 |
| FORVIS MAZARS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- KESTRA INVESTMENT SERVICES LLC — ADVISOR
- FORVIS MAZARS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,667
- Estimated Expense Ratio: 0.165% 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 | $60,667 | $28,581 | $300 | — | — |
| 2023 | $29,802 | $3,820 | — | — | — |
| 2022 | $24,992 | $1,362 | — | — | — |