Plan Snapshot
- Plan Sponsor: Methodist University
- Sponsor EIN: 560657294
- Sponsor Address: 5400 RAMSEY STREET, FAYETTEVILLE, NC, 28311
- Plan Type: 403(b)
- Total Participants: 387
- Total Assets: $63.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 387 | $63.4M | $624,714 | $847,157 |
| 2023 | 372 | $58.2M | $404,307 | $898,969 |
| 2022 | 385 | $53.1M | $397,294 | $919,558 |
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 |
|---|---|---|---|---|
| PBMARES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PBMARES, LLP — 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 | $113,964 | $19,033 | $94,931 | — | — |
| 2023 | $26,071 | — | $19,424 | — | — |
| 2022 | $20,063 | — | $20,063 | — | — |