Plan Snapshot
- Plan Sponsor: Affordable Care, LLC
- Sponsor EIN: 561505559
- Sponsor Address: 629 DAVIS DRIVE, MORRISVILLE, NC, 27560
- Plan Type: 401(k)
- Total Participants: 2,067
- Total Assets: $235.2M
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 | 2,067 | $235.2M | $7.3M | $14.1M |
| 2023 | 2,354 | $213.5M | $7.1M | $13.8M |
| 2022 | 2,393 | $179.4M | $6.4M | $12.7M |
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 |
|---|---|---|---|---|
| BALANCE & STRATEGY ADVISORS, CPAS | 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 | $451,313 | — | — | — | — |
| 2023 | $352,000 | — | — | — | — |
| 2022 | $396,158 | — | — | — | — |