Plan Snapshot
- Plan Sponsor: Economic Improvement Council,
- Sponsor EIN: 560857026
- Sponsor Address: PO BOX 549, EDENTON, NC, 279320549
- Plan Type: 403(b)
- Total Participants: 295
- Total Assets: $2.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 295 | $2.9M | $0 | $0 |
| 2023 | 286 | $2.2M | $0 | $0 |
| 2021 | 292 | $2.2M | $0 | $0 |
| 2020 | 302 | $1.9M | $0 | $0 |
| 2019 | 274 | $1.9M | $0 | $0 |
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 |
|---|---|---|---|---|
| BERNARD ROBINSON & COMPANY LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BERNARD ROBINSON & COMPANY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $7,007 | — | — | — | — |
| 2023 | $2,942 | — | — | — | — |
| 2021 | $3,724 | — | — | — | — |
| 2020 | $9,121 | — | — | — | — |
| 2019 | $19,620 | — | — | — | — |