Plan Snapshot
- Plan Sponsor: Methodist Home For Children
- Sponsor EIN: 560547482
- Sponsor Address: 1041 WASHINGTON STREET, RALEIGH, NC, 276051259
- Plan Type: 403(b)
- Total Participants: 365
- Total Assets: $12.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 365 | $12.4M | $150,216 | $466,926 |
| 2023 | 355 | $9.6M | $140,361 | $393,247 |
| 2022 | 258 | $8.1M | $154,308 | $413,336 |
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 |
|---|---|---|---|---|
| MUTUAL OF AMERCIA LIFE INSURANCE CO | RECORDKEEPER | $6,219 | — | $6,219 |
| WILLIAMS OVERMAN PIERCE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIAMS OVERMAN PIERCE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,219
- Estimated Expense Ratio: 0.050% 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 | $4,007 | $4,007 | — | — | — |
| 2023 | $3,560 | — | $3,560 | — | — |
| 2022 | $3,802 | — | $3,802 | — | — |