Plan Snapshot
- Plan Sponsor: Asana Partners Payroll Services, LLC
- Sponsor EIN: 874051443
- Sponsor Address: 2151 HAWKINS STREET, CHARLOTTE, NC, 28203
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 149
- Total Assets: $12.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 149 | $12.4M | $0 | $0 |
| 2024 | 123 | $8.5M | $497,839 | $1.2M |
| 2023 | 115 | $6.2M | $422,662 | $1.0M |
| 2022 | 94 | $4.0M | $323,676 | $813,864 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $22,808 | — | $22,808 |
| CAMBRIDGE INVESTMENT RESEARCH | Investment Advisor | $18,828 | — | $18,828 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,636
- Estimated Expense Ratio: 0.336% 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 | $447,481 | $18,867 | — | — | — |
| 2024 | $26,388 | $10,952 | — | — | — |
| 2023 | $311,955 | — | — | — | — |
| 2022 | $339,605 | — | — | — | — |