Plan Snapshot
- Plan Sponsor: Direct Distributors, INC.
- Sponsor EIN: 560985207
- Sponsor Address: 100 PARTLO ST SUITE 100, GARNER, NC, 27529
- Plan Type: 401(k)
- Total Participants: 280
- Total Assets: $11.9M
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 | 280 | $11.9M | $280,267 | $720,289 |
| 2023 | 281 | $10.5M | $272,296 | $674,615 |
| 2022 | 291 | $9.4M | $269,775 | $687,868 |
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 | RECORDKEEPER | $38,606 | — | $38,606 |
| FIRST CITIZENS BANK AND TRUST CO | INVESTMENT ADVISOR | $30,000 | — | $30,000 |
| MP COMPANY LLP MPC CERTIFIED PUBLIC | AUDITOR | $18,925 | — | $18,925 |
| MPCOMPANY LLP | Auditor | $18,925 | — | $18,925 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MPCOMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,456
- Estimated Expense Ratio: 0.896% 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 | $88,467 | $30,936 | — | $18,925 | — |
| 2023 | $75,033 | $30,470 | — | $13,500 | — |
| 2022 | $70,534 | — | $70,534 | — | — |