Concept 2001 401(k) match, vesting and fees
What Concept 2001's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Transamerica Life Insurance Company | Schedule C ↗ |
| Independent auditor | Elliott Davis, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 108 defined-contribution plans in management of companies and enterprises with 500 to 999 participants.
| Concept 2001: employer contribution per participant | $1,026 | |
| Peer median | $2,042 |
| Concept 2001: average balance | $33,605 | |
| Peer median | $78,282 |
| Concept 2001: admin expenses ÷ assets | 0.26% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $30.6M at the end of plan year 2023 to $31.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,334 | $31.2M | $951K | $1,026 | 0.26% | Not published | Form 5500 ↗ |
| 2023 | 2,347 | $30.6M | $823K | $775 | 0.29% | Not published | Form 5500 ↗ |
Common questions
Does Concept 2001 match 401(k) contributions?
The match terms for the Concept 2001, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $951K in employer contributions, about $1,026 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Concept 2001 401(k) match vested?
The vesting schedule for the Concept 2001, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Concept 2001 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Life Insurance Company. The plan administrator is Concept 2001, Inc..
I left Concept 2001. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Concept 2001, Inc., (803) 642-0700) or the recordkeeper, Transamerica Life Insurance Company. The Concept 2001 old 401(k) page lists the contacts from every plan filing. Find an old Concept 2001 401(k)
Data from the public Form 5500 annual reports Concept 2001 filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Concept 2001. Not financial advice. Report a correction · Methodology