Plan Snapshot
- Plan Sponsor: Belk Stores Services, LLC
- Sponsor EIN: 560616731
- Sponsor Address: 2801 WEST TYVOLA ROAD, CHARLOTTE, NC, 282174525
- Plan Type: DB
- Total Participants: 641
- Total Assets: $309.8M
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 | 641 | $309.8M | $0 | $0 |
| 2023 | 724 | $271.5M | $0 | $0 |
| 2022 | 810 | $237.4M | $0 | $0 |
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 |
|---|---|---|---|---|
| BUCK GLOBAL, LLC | Other Service Provider | $277,989 | — | $277,989 |
| PIMCO | Investment Advisor | $221,059 | — | $221,059 |
| TOWERS WATSON | Actuary | $219,840 | — | $219,840 |
| INCOME RESEARCH AND MANAGEMENT | Investment Advisor | $168,892 | — | $168,892 |
| STATE STREET BANK & TRUST COMPANY | Investment Advisor | $152,020 | — | $152,020 |
| BELK STORE SERVICES | Other Service Provider | $136,465 | — | $136,465 |
| CONDENT HR | Recordkeeper | $42,000 | — | $42,000 |
| FORVIS MAZARS, LLP | Auditor | $22,750 | — | $22,750 |
| BLACKROCK | Investment Advisor | $18,603 | — | $18,603 |
| IMAGE GROUP | Other Service Provider | $9,390 | — | $9,390 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,269,008
- Estimated Expense Ratio: 0.410% 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 | $1,509,130 | $559,091 | — | — | — |
| 2023 | $1,632,871 | $501,398 | — | — | — |
| 2022 | $1,653,395 | $586,192 | — | — | — |