Plan Snapshot
- Plan Sponsor: Wakefield'S, INC.
- Sponsor EIN: 630310051
- Sponsor Address: P.O. BOX 400, ANNISTON, AL, 36202
- Plan Type: 401(k)
- Total Participants: 507
- Total Assets: $3.1M
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 | 507 | $3.1M | $31,649 | $90,228 |
| 2023 | 163 | $2.8M | $32,170 | $82,364 |
| 2022 | 146 | $2.4M | $25,236 | $94,104 |
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 |
|---|---|---|---|---|
| KEMP & ASSOCIATES, CPA PC | 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 | $88,124 | — | $14,894 | — | — |
| 2023 | $47,462 | — | $13,556 | — | — |
| 2022 | $13,684 | — | — | — | — |