Plan Snapshot
- Plan Sponsor: Angus Barn, Ltd, LLC
- Sponsor EIN: 562163933
- Sponsor Address: 9401 GLENWOOD AVE., RALEIGH, NC, 27617
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 309
- Total Assets: $18.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 309 | $18.6M | $0 | $0 |
| 2024 | 254 | $16.0M | $268,941 | $721,762 |
| 2023 | 235 | $13.5M | $245,935 | $646,796 |
| 2022 | 216 | $11.4M | $221,010 | $572,411 |
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 |
|---|---|---|---|---|
| FIRST CITIZENS INVESTOR SVC | Recordkeeper | $41,392 | — | $41,392 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,392
- Estimated Expense Ratio: 0.222% 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 |
|---|---|---|---|---|---|
| 2025 | $899,499 | — | $41,392 | — | — |
| 2024 | $37,884 | — | $18,868 | — | — |
| 2023 | $27,983 | — | $16,959 | — | — |
| 2022 | $26,053 | — | $26,053 | — | — |