Plan Snapshot
- Plan Sponsor: Carolina Dealerships, INC.
- Sponsor EIN: 200465434
- Sponsor Address: PO BOX 5657, WINSTON-SALEM, NC, 27113
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,766
- Total Assets: $6.3M
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 | 3,766 | $6.3M | $16.7M | $13.3M |
| 2023 | 3,489 | $6.3M | $15.0M | $12.7M |
| 2022 | 3,058 | $4.5M | $12.0M | $11.0M |
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 |
|---|---|---|---|---|
| BCBS OF NORTH CAROLINA | Other Service Provider | $1,131,448 | — | $1,131,448 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,131,448
- Estimated Expense Ratio: 17.936% 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 | $3,299,062 | — | — | — | — |
| 2023 | $2,769,156 | — | — | — | — |
| 2022 | $2,319,251 | — | — | — | $2,319,251 |