Plan Snapshot
- Plan Sponsor: Durham Academy, INC.
- Sponsor EIN: 560538019
- Sponsor Address: 3130 PICKETT ROAD, DURHAM, NC, 277056008
- Plan Type: 403(b)
- Total Participants: 401
- Total Assets: $70.7M
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 | 401 | $70.7M | $1.3M | $2.1M |
| 2023 | 403 | $64.3M | $1.2M | $2.0M |
| 2022 | 413 | $57.0M | $1.2M | $2.0M |
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 |
|---|---|---|---|---|
| PRUDENTIAL RETIREMENT INSURANCE AND | LOAN, ADMINISTRATION, TRA | $29,755 | — | $29,755 |
| THOMAS, JUDY & TUCKER PA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,755
- Estimated Expense Ratio: 0.042% 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 | $30,489 | — | $30,489 | — | — |
| 2023 | $62,166 | — | $62,166 | — | — |
| 2022 | $64,814 | — | $64,814 | — | — |