Plan Snapshot
- Plan Sponsor: Davidson Day School
- Sponsor EIN: 111976223
- Sponsor Address: 750 JETTON STREET, DAVIDSON, NC, 28036
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 148
- Total Assets: $6.6M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 148 | $6.6M | $189,116 | $372,903 |
| 2023 | 145 | $5.6M | $172,079 | $377,481 |
| 2022 | 129 | $4.7M | $150,745 | $305,600 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Other Service Provider | $34,389 | — | $34,389 |
| CORNERSTONE WEALTH GROUP, LLC | Investment Advisor | $16,021 | — | $16,021 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,410
- Estimated Expense Ratio: 0.761% 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 | $35,564 | — | — | — | — |
| 2023 | $35,682 | — | $440 | — | — |
| 2022 | $30,129 | — | $870 | — | — |