Best Practices LLC 401(k) Plan

Form 5500 filing data for plan year 2024.

Plan Snapshot

  • Plan Sponsor: Best Practices LLC
  • Sponsor EIN: 561934481
  • Sponsor Address: 6350 QUADRANGLE DRIVE STE 200, CHAPEL HILL, NC, 27517
  • Plan Type: 401(k)
  • Total Participants: 10
  • Total Assets: $2.2M

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

YearParticipantsTotal AssetsEmployer Contrib.Employee Contrib.
202410$2.2M$0$61,068
202310$2.3M$0$102,538
202212$2.0M$0$105,921

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