Plan Snapshot
- Plan Sponsor: Mcandersons INC.
- Sponsor EIN: 561080800
- Sponsor Address: 1508 MILITARY CUTOFF ROAD, STE 202, WILMINGTON, NC, 28403
- Plan Type: 401(k)
- Total Participants: 409
- Total Assets: $5.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 409 | $5.4M | $128,736 | $176,978 |
| 2023 | 345 | $5.6M | $145,277 | $206,391 |
| 2022 | 334 | $4.7M | $143,416 | $204,567 |
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 |
|---|---|---|---|---|
| PENSION CORPORATION OF AMERICA | NONE | $8,495 | — | $8,495 |
| PARSONS CPA, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PARSONS CPA, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,495
- Estimated Expense Ratio: 0.156% 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 | $10,427 | — | — | — | — |
| 2023 | $13,207 | — | — | — | — |
| 2022 | $10,441 | — | — | — | $10,441 |