Plan Snapshot
- Plan Sponsor: Vesco Material Handling Equipment INC
- Sponsor EIN: 560953898
- Sponsor Address: 355 BUSINESS PARK DRIVE, WINSTON-SALEM, NC, 27107
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $7.9M
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 | 145 | $7.9M | $211,133 | $641,068 |
| 2023 | 154 | $6.6M | $208,001 | $621,259 |
| 2022 | 142 | $5.4M | $159,828 | $505,121 |
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 |
|---|---|---|---|---|
| ARROWOOD & ASSOCIATES, PA | 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 | $58,579 | — | $58,579 | — | — |
| 2023 | $43,736 | $14,056 | $2,600 | — | — |
| 2022 | $40,485 | $15,715 | $2,425 | — | $22,345 |