Plan Snapshot
- Plan Sponsor: Brevard College Corporation
- Sponsor EIN: 560532297
- Sponsor Address: 1 BREVARD COLLEGE DRIVE, BREVARD, NC, 28712
- Plan Type: 403(b)
- Total Participants: 274
- Total Assets: $19.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 274 | $19.7M | $136,513 | $299,835 |
| 2023 | 279 | $18.1M | $114,322 | $275,156 |
| 2022 | 285 | $17.1M | $75,185 | $289,029 |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | Auditor | — | — | $0 |
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 | $5,261 | — | $5,261 | — | — |
| 2023 | $9,076 | — | $9,076 | — | — |
| 2022 | $4,980 | — | $4,980 | — | — |