Plan Snapshot
- Plan Sponsor: Iat Insurance Group INC.
- Sponsor EIN: 561171691
- Sponsor Address: 4200 SIX FORKS RD, STE 1400, RALEIGH, NC, 27609
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 829
- Total Assets: $3.4M
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 | 829 | $3.4M | $11.4M | $3.3M |
| 2023 | 842 | $1.4M | $10.7M | $3.1M |
| 2022 | 855 | $585,565 | $11.4M | $2.6M |
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 |
|---|---|---|---|---|
| UNITED HEALTHCARE SERVICES INC | Other Service Provider | $512,107 | — | $512,107 |
| DELTA DENTAL OF NORTH CAROLINA | Recordkeeper | $31,629 | — | $31,629 |
| METROPOLITAN LIFE INSURANCE COMPANY | Recordkeeper | $13,883 | — | $13,883 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $557,619
- Estimated Expense Ratio: 16.535% 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 | $759,103 | — | $570,621 | — | — |
| 2023 | $638,966 | — | $418,976 | — | — |
| 2022 | $594,887 | — | $388,503 | — | — |