Plan Snapshot
- Plan Sponsor: Converse College
- Sponsor EIN: 570314380
- Sponsor Address: 580 EAST MAIN STREET, SPARTANBURG, SC, 293021931
- Plan Type: 403(b)
- Total Participants: 160
- Total Assets: $45.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 160 | $45.4M | $345,407 | $548,854 |
| 2023 | 155 | $43.3M | $328,768 | $546,004 |
| 2022 | 171 | $41.3M | $340,081 | $560,821 |
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 |
|---|---|---|---|---|
| TIAA | RECORDKEEPER | $33,569 | — | $33,569 |
| CAPITAL ASSET ADVISORY SERVICES | ADVISOR | $23,404 | — | $23,404 |
| CHERRY BEKAERT LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — RECORDKEEPER
- CAPITAL ASSET ADVISORY SERVICES — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,973
- Estimated Expense Ratio: 0.125% 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 | $56,794 | — | $56,794 | — | — |
| 2023 | $43,098 | — | $42,996 | — | — |
| 2022 | $39,710 | — | $39,590 | — | — |