Plan Snapshot
- Plan Sponsor: Harnett Health System, INC.
- Sponsor EIN: 560603898
- Sponsor Address: P.O. DRAWER 1706, DUNN, NC, 28335
- Plan Type: DB
- Total Participants: 96
- Total Assets: $21.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 96 | $21.0M | $0 | $0 |
| 2023 | 113 | $21.2M | $976,100 | $0 |
| 2022 | 134 | $18.6M | $200,000 | $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 |
|---|---|---|---|---|
| FIRST CITIZENS BANK & TRUST COMPANY | Custodian / Trustee | $115,504 | — | $115,504 |
| USI CONSULTING GROUP | Other Service Provider | $100,485 | — | $100,485 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $215,989
- Estimated Expense Ratio: 1.026% 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 | $255,244 | $125,137 | — | — | — |
| 2023 | $157,179 | $106,249 | — | — | — |
| 2022 | $160,210 | — | — | — | $160,210 |