Plan Snapshot
- Plan Sponsor: Carolina Caring, INC.
- Sponsor EIN: 561242526
- Sponsor Address: 3975 ROBINSON RD, NEWTON, NC, 286589715
- Plan Type: 403(b)
- Total Participants: 567
- Total Assets: $15.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 567 | $15.3M | $710,297 | $1.2M |
| 2023 | 405 | $12.7M | $723,710 | $919,752 |
| 2022 | 374 | $10.2M | $613,645 | $797,853 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $64,553 | — | $64,553 |
| LPL FINANCIAL LLC | OTHER SERVICES | — | $46,933 | $46,933 |
| FORVIS MAZARS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL LLC — OTHER SERVICES
- FORVIS MAZARS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $111,486
- Estimated Expense Ratio: 0.731% 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 | $64,909 | — | $64,553 | — | — |
| 2023 | $44,917 | — | $44,521 | — | — |
| 2022 | $40,561 | — | $40,561 | — | — |