Plan Snapshot
- Plan Sponsor: Atlantic Telephone Membership Corporation
- Sponsor EIN: 208662055
- Sponsor Address: P.O. BOX 3198, SHALLOTTE, NC, 28459
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 187
- Total Assets: $13.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 187 | $13.6M | $648,016 | $78,284 |
| 2023 | 190 | $14.0M | $670,234 | $114,705 |
| 2022 | 387 | $15.9M | $643,845 | $119,504 |
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 |
|---|---|---|---|---|
| WELLS FARGO | Investment Advisor | $84,848 | — | $84,848 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,848
- Estimated Expense Ratio: 0.626% 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 | $2,166,400 | $84,848 | — | — | — |
| 2023 | $4,276,872 | $87,748 | — | — | — |
| 2022 | $150,947 | $111,823 | — | — | — |