Plan Snapshot
- Plan Sponsor: Z.V. Pate, INC.
- Sponsor EIN: 560350280
- Sponsor Address: 9120 MORGAN STREET, NORTH CAROLINA, NC, 28351
- Plan Type: 401(k)
- Total Participants: 265
- Total Assets: $24.8M
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 | 265 | $24.8M | $540,802 | $790,174 |
| 2023 | 347 | $30.3M | $600,703 | $825,526 |
| 2022 | 360 | $31.2M | $756,503 | $1.0M |
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 |
|---|---|---|---|---|
| S. PRESTON DOUGLAS & ASSOCIATES, LL | 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 | $166,610 | — | $166,610 | — | — |
| 2023 | $125,700 | — | $125,700 | — | — |
| 2022 | $134,790 | $48,719 | $74,896 | — | — |