Plan Snapshot
- Plan Sponsor: Carolina Eye Associates, P.A.
- Sponsor EIN: 561183309
- Sponsor Address: 2170 MIDLAND RD, SOUTHERN PINES, NC, 28387
- Plan Type: 401(k)
- Total Participants: 262
- Total Assets: $30.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 262 | $30.7M | $638,121 | $1.1M |
| 2023 | 252 | $27.9M | $525,354 | $1.0M |
| 2022 | 236 | $22.7M | $488,583 | $943,008 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Recordkeeper | $75,422 | — | $75,422 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,422
- Estimated Expense Ratio: 0.246% 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 | $75,421 | — | $57,835 | — | — |
| 2023 | $66,725 | — | $56,312 | — | — |
| 2022 | $60,898 | — | $60,898 | — | — |