Plan Snapshot
- Plan Sponsor: Monarch
- Sponsor EIN: 561326126
- Sponsor Address: 350 PEE DEE AVE. SUITE A, ALBEMARLE, NC, 28001
- Plan Type: 401(k)
- Total Participants: 1,716
- Total Assets: $14.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 1,716 | $14.6M | $440,328 | $1.6M |
| 2023 | 1,567 | $11.9M | $0 | $1.4M |
| 2022 | 1,651 | $11.2M | $0 | $1.4M |
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 |
|---|---|---|---|---|
| DAVIDSON HOLLAND WHITESELL & CO | Auditor | — | — | $0 |
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 | $27,921 | — | — | — | — |
| 2023 | $26,485 | — | — | — | — |
| 2022 | $40,034 | — | — | — | $39,991 |