Plan Snapshot
- Plan Sponsor: Belmont Abbey College, INC.
- Sponsor EIN: 560547498
- Sponsor Address: 100 BELMONT-MT. HOLLY ROAD, BELMONT, NC, 280121802
- Plan Type: 403(b)
- Total Participants: 286
- Total Assets: $34.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 286 | $34.8M | $688,344 | $905,965 |
| 2023 | 271 | $30.9M | $661,819 | $968,849 |
| 2022 | 278 | $26.5M | $605,055 | $893,146 |
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 |
|---|---|---|---|---|
| BROWN, EDWARDS & COMPANY, L.L.P. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BROWN, EDWARDS & COMPANY, L.L.P. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $109,501 | — | $109,501 | — | — |
| 2023 | $88,489 | — | $88,489 | — | — |
| 2022 | $76,356 | — | $76,356 | — | — |