Plan Snapshot
- Plan Sponsor: Carolina Village, INC.
- Sponsor EIN: 237179679
- Sponsor Address: 600 CAROLINA VILLAGE RD, HENDERSONVILLE, NC, 287922892
- Plan Type: 403(b)
- Total Participants: 374
- Total Assets: $9.1M
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 | 374 | $9.1M | $297,008 | $562,274 |
| 2023 | 349 | $7.5M | $252,095 | $498,040 |
| 2022 | 358 | $5.9M | $239,542 | $449,142 |
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 | $51,692 | — | $51,692 |
| NEWPORT GROUP, INC. | RECORDKEEPER | $14,760 | — | $14,760 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,452
- Estimated Expense Ratio: 0.730% 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 | $66,452 | — | $58,588 | — | — |
| 2023 | $63,250 | — | $63,250 | — | — |
| 2022 | $58,155 | — | $58,155 | — | — |