Plan Snapshot
- Plan Sponsor: Wayne Davis Concrete Co.
- Sponsor EIN: 581327956
- Sponsor Address: 10 WAYNE DAVIS DRIVE, TALLAPOOSA, GA, 301761088
- Plan Type: 401(k)
- Total Participants: 241
- Total Assets: $12.4M
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 | 241 | $12.4M | $282,464 | $982,268 |
| 2023 | 244 | $10.6M | $243,599 | $879,779 |
| 2022 | 202 | $9.0M | $462,532 | $727,666 |
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 |
|---|---|---|---|---|
| NORTHWESTERN MUTUAL INVESTMENT SVCS | INVESTMENT ADVISOR | $39,141 | — | $39,141 |
| ERISA SERVICES OF GEROGIA, LLC | CONTRACT ADMIN | $12,871 | — | $12,871 |
| EMPOWER ANNUITY INS CO OF AMERICA | RECORDKEEPER | $12,248 | — | $12,248 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $8,519 | — | $8,519 |
| BATES,CARTER & CO.,LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,779
- Estimated Expense Ratio: 0.589% of plan assets
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 | $68,954 | $39,141 | $12,870 | — | — |
| 2023 | $53,589 | — | $53,589 | — | — |
| 2022 | $52,840 | — | $52,840 | — | — |