Plan Snapshot
- Plan Sponsor: Carolina Dealerships INC.
- Sponsor EIN: 200465434
- Sponsor Address: PO BOX 5657, WINSTON SALEM, NC, 27113
- Plan Type: 401(k)
- Total Participants: 2,816
- Total Assets: $112.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 2,816 | $112.2M | $10.2M | $3.1M |
| 2023 | 2,493 | $98.2M | $2.9M | $9.5M |
| 2022 | 2,263 | $82.6M | $2.3M | $8.6M |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INS CO | Recordkeeper | $286,031 | — | $286,031 |
| NOVA 401(K) ASSOCIATES LP | Recordkeeper | $152,507 | — | $152,507 |
| ADMINISTRATIVE FIDUCIARY SERVICES | Other Service Provider | $133,975 | — | $133,975 |
| MERRILL LYNCH LIFE AGENCY, INC. | Investment Advisor | $115,479 | — | $115,479 |
| LINCOLN NATIONAL CORPORATION | Recordkeeper | $37,153 | — | $37,153 |
| FORVIS LLC | Auditor | $18,900 | — | $18,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INS CO — Recordkeeper
- MERRILL LYNCH LIFE AGENCY, INC. — Investment Advisor
- LINCOLN NATIONAL CORPORATION — Recordkeeper
- FORVIS LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $744,045
- Estimated Expense Ratio: 0.663% 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 | $770,783 | — | $770,783 | — | — |
| 2023 | $437,294 | — | — | — | — |
| 2022 | $372,670 | — | $372,670 | — | — |