Plan Snapshot
- Plan Sponsor: Discovery Place, INC.
- Sponsor EIN: 560529944
- Sponsor Address: 301 NORTH TRYON STREET, CHARLOTTE, NC, 282022138
- Plan Type: 403(b)
- Total Participants: 146
- Total Assets: $5.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 146 | $5.9M | $248,790 | $344,362 |
| 2023 | 156 | $5.4M | $229,714 | $329,404 |
| 2022 | 111 | $4.4M | $165,035 | $282,811 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $44,713 | — | $44,713 |
| KESTRA ADVISORY SERVICES, LLC | Investment Advisor | — | $21,128 | $21,128 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA ADVISORY SERVICES, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,841
- Estimated Expense Ratio: 1.112% 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 | $44,713 | — | $44,713 | — | — |
| 2023 | $36,897 | — | $36,897 | — | — |
| 2022 | $39,432 | — | $39,432 | — | — |