Plan Snapshot
- Plan Sponsor: Friends Homes, INC.
- Sponsor EIN: 560754599
- Sponsor Address: 925 NEW GARDEN ROAD, GREENSBORO, NC, 274103245
- Plan Type: DC
- Total Participants: 330
- Total Assets: $4.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 330 | $4.5M | $121,602 | $333,800 |
| 2023 | 321 | $4.2M | $117,158 | $304,736 |
| 2022 | 303 | $3.8M | $108,775 | $317,993 |
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 |
|---|---|---|---|---|
| TURLINGTON AND COMPANY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TURLINGTON AND COMPANY, LLP — 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 | $27,499 | $27,499 | — | — | — |
| 2023 | $13,971 | $13,971 | — | — | — |
| 2022 | $17,955 | $17,955 | — | — | — |