Plan Snapshot
- Plan Sponsor: Lincoln Community Health Center, INC.
- Sponsor EIN: 561031244
- Sponsor Address: 1301 FAYETTEVILLE ST, DURHAM, NC, 277072325
- Plan Type: 403(b)
- Plan Number: 002
- Total Participants: 258
- Total Assets: $17.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 258 | $17.9M | $228,579 | $831,281 |
| 2023 | 249 | $15.8M | $230,744 | $805,865 |
| 2022 | 224 | $14.4M | $215,745 | $732,599 |
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 | $53,727 | — | $53,727 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | Investment Advisor | — | $16,123 | $16,123 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER FIDUCIARY ADVISORS, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,850
- Estimated Expense Ratio: 0.390% 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 | $53,727 | — | $53,727 | — | — |
| 2023 | $47,601 | — | $47,601 | — | — |
| 2022 | $18,231 | — | $18,231 | — | — |