Plan Snapshot
- Plan Sponsor: Joerns Healthcare, LLC
- Sponsor EIN: 205251510
- Sponsor Address: 2430 WHITEHALL PARK DR, CHARLOTTE, NC, 28273
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $17.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 140 | $17.6M | $350,771 | $730,803 |
| 2023 | 398 | $20.0M | $702,205 | $1.4M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $39,717 | — | $39,717 |
| COLONIAL TRUST ADVISORS | INVESTMENT ADVISORY | $35,429 | — | $35,429 |
| FUTUREPLAN BY ASCENSUS | RECORDKEEPER | $10,149 | — | $10,149 |
| ELLIOTT GROUP CPAS, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- COLONIAL TRUST ADVISORS — INVESTMENT ADVISORY
- FUTUREPLAN BY ASCENSUS — RECORDKEEPER
- ELLIOTT GROUP CPAS, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,295
- Estimated Expense Ratio: 0.485% 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 | $120,868 | — | $120,868 | — | — |
| 2023 | $152,249 | — | $152,249 | — | — |