Plan Snapshot
- Plan Sponsor: Corestates, INC.
- Sponsor EIN: 582484016
- Sponsor Address: 3237 SATELLITE BLVD. SUITE 465, DULUTH, GA, 30096
- Plan Type: 401(k)
- Total Participants: 412
- Total Assets: $37.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 412 | $37.4M | $1.6M | $3.2M |
| 2023 | 405 | $22.5M | $1.1M | $2.2M |
| 2022 | 350 | $18.8M | $1.1M | $2.2M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER SMITH | CONSULTANT | $68,497 | — | $68,497 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $48,415 | — | $48,415 |
| N.A. FALCONE & ASSOCIATES, INC. | CONTRACT ADMINISTRATOR | $12,635 | $13,945 | $26,580 |
| FRAZIER & DEETER, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FRAZIER & DEETER, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,492
- Estimated Expense Ratio: 0.384% 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 | $129,547 | $35,879 | $61,050 | — | — |
| 2023 | $96,331 | — | $96,331 | — | — |
| 2022 | $89,737 | — | — | — | $89,737 |