Plan Snapshot
- Plan Sponsor: Mars Hill University
- Sponsor EIN: 560554207
- Sponsor Address: 100 ATHLETIC STREET, MARS HILL, NC, 28754
- Plan Type: 401(k)
- Total Participants: 253
- Total Assets: $41.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 253 | $41.2M | $473,761 | $620,527 |
| 2023 | 251 | $38.5M | $437,873 | $575,116 |
| 2022 | 239 | $36.1M | $444,568 | $606,011 |
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 |
|---|---|---|---|---|
| BROWN, EDWARDS & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BROWN, EDWARDS & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $139,486 | $85,161 | $54,325 | — | — |
| 2023 | $131,918 | — | $48,316 | — | — |
| 2022 | $154,773 | $103,793 | $50,980 | — | — |