Plan Snapshot
- Plan Sponsor: Methodist Home For Children, INC.
- Sponsor EIN: 560547482
- Sponsor Address: 1041 WASHINGTON STREET, RALEIGH, NC, 276051259
- Plan Type: DB
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $0 | $176,171 | $0 |
| 2023 | 67 | $10.0M | $102,006 | $0 |
| 2022 | 329 | $10.1M | $110,500 | $0 |
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 AMERICA LIFE INS COMPANY | FIDUCIARY | $17,220 | — | $17,220 |
| 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: $17,220
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 | $2,556,563 | $11,706 | $2,081 | — | — |
| 2023 | $7,960 | $3,060 | $4,900 | — | — |
| 2022 | $11,834 | $400 | — | — | — |