Plan Snapshot
- Plan Sponsor: Food Bank Of Central & Eastern North Carolina, INC
- Sponsor EIN: 561283426
- Sponsor Address: 1924 CAPITAL BLVD, RALEIGH, NC, 27604
- Plan Type: 401(k)
- Total Participants: 150
- Total Assets: $3.0M
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. |
|---|---|---|---|---|
| 2024 | 150 | $3.0M | $515,586 | $469,765 |
| 2023 | 158 | $2.0M | $360,203 | $350,916 |
| 2022 | 118 | $1.0M | $163,343 | $253,917 |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | Auditor | — | — | $0 |
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 | $3,118 | $3,118 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |