Plan Snapshot
- Plan Sponsor: Wallace Imports Of Bristol, INC.
- Sponsor EIN: 621009045
- Sponsor Address: 2733 EAST STONE DRIVE, KINGSPORT, TN, 37660
- Plan Type: 401(k)
- Total Participants: 227
- Total Assets: $6.8M
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 | 227 | $6.8M | $38,085 | $660,956 |
| 2023 | 257 | $5.6M | $31,946 | $560,201 |
| 2022 | 206 | $4.2M | $26,660 | $516,600 |
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 |
|---|---|---|---|---|
| HENDERSON, HUTCHERSON & MCCULLOUGH | 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 | $22,104 | — | — | — | — |
| 2023 | $16,091 | — | — | — | — |
| 2022 | $12,181 | — | $12,181 | — | — |