Plan Snapshot
- Plan Sponsor: Wellborn Cabinet INC.
- Sponsor EIN: 630622867
- Sponsor Address: P. O. BOX 1210, ASHLAND, AL, 36251
- Plan Type: 401(k)
- Total Participants: 1,394
- Total Assets: $31.4M
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 | 1,394 | $31.4M | $1.3M | $2.1M |
| 2023 | 1,115 | $26.5M | $328,778 | $1.7M |
| 2022 | 1,202 | $22.5M | $325,158 | $1.7M |
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 |
|---|---|---|---|---|
| JACKSON THORNTON & CO., 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 | $41,050 | — | — | — | — |
| 2023 | $31,594 | — | — | — | — |
| 2022 | $43,388 | — | — | — | — |