# Wellborn Cabinet INC. 401(k) Plan
Source: https://planprovider.pro/companies/wellborn-cabinet-inc-401k-plan

> Wellborn Cabinet INC.'s 401(k) plan: 1,394 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| WAVERLY ADVISORS, LLC|RIA|$42,471|—|$42,471|

| 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:** $42,471

- **Estimated Expense Ratio:** 0.135% 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|$41,050|—|—|—|—|

| 2023|$31,594|—|—|—|—|

| 2022|$43,388|—|—|—|—|

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