Plan Snapshot
- Plan Sponsor: Ingles Markets, Incorporated
- Sponsor EIN: 560846267
- Sponsor Address: 2913 HIGHWAY 70 WEST, BLACK MOUNTAIN, NC, 28711
- Plan Type: 401(k)
- Total Participants: 18,006
- Total Assets: $196.8M
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 | 18,006 | $196.8M | $5.8M | $13.2M |
| 2023 | 17,509 | $181.9M | $6.0M | $11.7M |
| 2022 | 14,843 | $161.4M | $5.0M | $10.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $148,742 | — | $148,742 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $94,174 | — | $94,174 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $242,916
- Estimated Expense Ratio: 0.123% 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 | $242,789 | — | $149,818 | — | — |
| 2023 | $216,119 | — | $216,119 | — | — |
| 2022 | $209,011 | — | $208,497 | — | — |