Plan Snapshot
- Plan Sponsor: Falls Of Neuse Managment LLC, A North Carolina LLC
- Sponsor EIN: 611692607
- Sponsor Address: 4900 FALLS OF NEUSE ROAD, RALEIGH, NC, 27609
- Plan Type: 401(k)
- Total Participants: 2,901
- Total Assets: $114.2M
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 | 2,901 | $114.2M | $3.7M | $10.2M |
| 2023 | 2,877 | $98.3M | $3.1M | $8.8M |
| 2022 | 2,535 | $78.6M | $2.4M | $7.2M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $117,597 | — | $117,597 |
| STANCIL PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCIL PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $117,597
- Estimated Expense Ratio: 0.103% 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 | $193,090 | — | — | — | — |
| 2023 | $131,869 | — | — | — | — |
| 2022 | $54,943 | — | — | — | — |