Plan Snapshot
- Plan Sponsor: Adpd Holdings LLC D/B/A Nearu
- Sponsor EIN: 834582451
- Sponsor Address: 2550 W. TYVOLA ROAD SUITE 300, CHARLOTTE, NC, 28217
- Plan Type: 401(k)
- Total Participants: 1,641
- Total Assets: $25.8M
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 | 1,641 | $25.8M | $2.2M | $4.1M |
| 2023 | 753 | $18.9M | $3.8M | $2.1M |
| 2022 | 2,535 | $10.7M | $1.4M | $2.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $110,296 | — | $110,296 |
| KESTRA ADVISORY SERVICES LLC | Investment Advisor | $52,543 | — | $52,543 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $31,027 | — | $31,027 |
| WEALTH ENHANCEMENT ADVISORY SERVICE | Investment Advisor | $10,884 | — | $10,884 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $204,750
- Estimated Expense Ratio: 0.794% 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 | $204,749 | $94,453 | — | — | — |
| 2023 | $148,306 | $125,015 | — | — | — |
| 2022 | $56,151 | $50,804 | $5,347 | — | — |