Plan Snapshot
- Plan Sponsor: Velux America LLC
- Sponsor EIN: 042559488
- Sponsor Address: PO BOX 5001, GREENWOOD, SC, 296485001
- Plan Type: 401(k)
- Total Participants: 907
- Total Assets: $136.0M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 907 | $136.0M | $2.9M | $5.4M |
| 2023 | 806 | $118.2M | $2.6M | $4.8M |
| 2022 | 795 | $104.3M | $2.5M | $4.6M |
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 |
|---|---|---|---|---|
| SMITH AND HORWARD | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $162,811 | — | $162,811 | — | — |
| 2023 | $151,859 | — | $151,859 | — | — |
| 2022 | $144,504 | — | $144,504 | — | — |