Plan Snapshot
- Plan Sponsor: Carotek, INC.
- Sponsor EIN: 561712853
- Sponsor Address: POST OFFICE BOX 1395, MATTHEWS, NC, 28106
- Plan Type: 401(k)
- Total Participants: 177
- Total Assets: $24.0M
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 | 177 | $24.0M | $265,421 | $1.4M |
| 2023 | 172 | $25.1M | $248,547 | $1.4M |
| 2022 | 170 | $22.2M | $236,196 | $1.3M |
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 |
|---|---|---|---|---|
| MELISSA G CRITCHER, CPA, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MELISSA G CRITCHER, CPA, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $61,829 | $20,475 | $41,354 | — | — |
| 2023 | $70,159 | $20,888 | $49,271 | — | — |
| 2022 | $76,959 | $24,847 | $52,112 | — | — |