Plan Snapshot
- Plan Sponsor: Meredith College
- Sponsor EIN: 560530242
- Sponsor Address: 3800 HILLSBOROUGH STREET, RALEIGH, NC, 276075298
- Plan Type: 403(b)
- Total Participants: 419
- Total Assets: $94.1M
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 | 419 | $94.1M | $1.2M | $1.7M |
| 2023 | 400 | $86.4M | $1.2M | $1.7M |
| 2022 | 420 | $79.1M | $1.2M | $1.8M |
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 | NONE | $54,154 | — | $54,154 |
| VERITY ASSET MANAGEMENT | NONE | $8,647 | — | $8,647 |
| CHERRY BEKAERT LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,801
- Estimated Expense Ratio: 0.067% 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 | $55,399 | — | $55,399 | — | — |
| 2023 | $56,784 | — | $56,784 | — | — |
| 2022 | $62,644 | — | $62,644 | — | — |