Plan Snapshot
- Plan Sponsor: Fleet Feet, Incorporated
- Sponsor EIN: 020656285
- Sponsor Address: 310 E. MAIN STREET, CARRBORO, NC, 27510
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,564
- Total Assets: $14.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 1,564 | $14.2M | $0 | $0 |
| 2024 | 1,167 | $10.6M | $1.0M | $1.7M |
| 2023 | 1,115 | $7.2M | $945,848 | $1.5M |
| 2022 | 1,135 | $4.6M | $894,703 | $1.4M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | Other Service Provider | $38,077 | — | $38,077 |
| MMA SECURITIES, LLC | Other Service Provider | $36,191 | — | $36,191 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,268
- Estimated Expense Ratio: 0.523% 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 |
|---|---|---|---|---|---|
| 2025 | $1,491,267 | $36,191 | $38,078 | — | — |
| 2024 | $60,817 | $42,873 | $17,944 | — | — |
| 2023 | $99,617 | $27,817 | $71,800 | — | — |
| 2022 | $24,983 | $17,003 | $7,980 | — | — |