Plan Snapshot
- Plan Sponsor: Louisburg College
- Sponsor EIN: 560547511
- Sponsor Address: 501 N MAIN STREET, LOUISBURG, NC, 27549
- Plan Type: 403(b)
- Plan Number: 002
- Total Participants: 97
- Total Assets: $14.7M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 97 | $14.7M | $178,820 | $205,744 |
| 2023 | 81 | $15.2M | $178,022 | $209,070 |
| 2022 | 93 | $13.8M | $195,813 | $231,617 |
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 |
|---|---|---|---|---|
| TIAA | Recordkeeper | $12,678 | — | $12,678 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,678
- Estimated Expense Ratio: 0.087% 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 | $12,678 | — | $12,678 | — | — |
| 2023 | $12,537 | — | $12,537 | — | — |
| 2022 | $10,703 | — | $10,703 | — | — |