Plan Snapshot
- Plan Sponsor: Legal Aid Of North Carolina INC
- Sponsor EIN: 311784161
- Sponsor Address: 319 CHAPANOKE ROAD, RALEIGH, NC, 27603
- Plan Type: 401(k)
- Total Participants: 458
- Total Assets: $31.9M
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 | 458 | $31.9M | $991,825 | $1.4M |
| 2023 | 468 | $28.1M | $923,463 | $1.2M |
| 2022 | 465 | $23.8M | $836,262 | $1.1M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | Other Service Provider | $69,792 | — | $69,792 |
| ONE DIGITAL INVESTMENT ADVISORS | Other Service Provider | $52,222 | — | $52,222 |
| NEXTCAPITAL GROUP, INC. | Other Service Provider | $9,877 | — | $9,877 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,891
- Estimated Expense Ratio: 0.414% 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 | $131,891 | $62,099 | $69,792 | — | — |
| 2023 | $117,389 | $55,179 | $62,210 | — | — |
| 2022 | $122,675 | $57,881 | $64,794 | — | — |