Plan Snapshot
- Plan Sponsor: Atlantic Corporation Of Wilmington, INC.
- Sponsor EIN: 560797402
- Sponsor Address: 806 N 23RD ST, WILMINGTON, NC, 284051802
- Plan Type: 401(k)
- Total Participants: 1,144
- Total Assets: $177.8M
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. |
|---|---|---|---|---|
| 2024 | 1,144 | $177.8M | $6.0M | $7.9M |
| 2023 | 1,044 | $159.5M | $5.9M | $7.5M |
| 2022 | 1,069 | $134.3M | $6.8M | $7.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $273,704 | — | $273,704 |
| WELLS FARGO ADVISORS FIN NETWORK | Investment Advisor | — | $48,462 | $48,462 |
| CAPFINANCIAL PARTNERS LLC | Investment Advisor | — | $43,393 | $43,393 |
| NAVELLIER & ASSOCIATES INC | Other Service Provider | $21,978 | — | $21,978 |
| RPA FINANCIAL, LLC | Investment Advisor | — | $8,077 | $8,077 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $395,614
- 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 |
|---|---|---|---|---|---|
| 2024 | $296,673 | — | $274,695 | — | — |
| 2023 | $254,878 | — | $238,193 | — | — |
| 2022 | $223,119 | — | $221,936 | — | — |