Plan Snapshot
- Plan Sponsor: Morganton Eye Physicians PA
- Sponsor EIN: 561109834
- Sponsor Address: 335 EAST PARKER ROAD, MORGANTON, NC, 286555112
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $28.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 140 | $28.8M | $360,583 | $658,715 |
| 2023 | 140 | $25.4M | $352,108 | $673,940 |
| 2022 | 131 | $24.4M | $356,675 | $676,738 |
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 | $65,398 | $65,398 | — | — | — |
| 2023 | $55,772 | $55,772 | — | — | — |
| 2022 | $63,790 | $63,790 | — | — | — |