Plan Snapshot
- Plan Sponsor: Vestal Manufacturing Enterprises, INC.
- Sponsor EIN: 320114166
- Sponsor Address: 176 INDUSTRIAL PARK DRIVE, SWEETWATER, TN, 37874
- Plan Type: 401(k)
- Total Participants: 92
- Total Assets: $4.3M
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 | 92 | $4.3M | $127,656 | $232,215 |
| 2023 | 77 | $4.2M | $114,119 | $199,227 |
| 2022 | 102 | $3.6M | $126,353 | $211,144 |
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 |
|---|---|---|---|---|
| WARREN & TALLENT | 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 | $645,144 | — | $27,316 | — | — |
| 2023 | $263,159 | — | $25,618 | — | — |
| 2022 | $25,637 | — | — | — | — |