Plan Snapshot
- Plan Sponsor: Mountain Area Health Education Center, INC.
- Sponsor EIN: 561071426
- Sponsor Address: 121 HENDERSONVILLE ROAD, ASHEVILLE, NC, 288032868
- Plan Type: 403(b)
- Total Participants: 1,092
- Total Assets: $73.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 1,092 | $73.8M | $1.6M | $5.3M |
| 2023 | 1,099 | $67.7M | $1.4M | $5.1M |
| 2022 | 1,034 | $54.2M | $1.3M | $4.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $213,240 | — | $213,240 |
| COLTON GROOME FINANCIAL ADVISORS, L | INVESTMENT ADVISORY | — | $37,181 | $37,181 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COLTON GROOME FINANCIAL ADVISORS, L — INVESTMENT ADVISORY
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $250,421
- Estimated Expense Ratio: 0.339% 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 | $213,913 | — | $213,913 | — | — |
| 2023 | $176,696 | — | $176,696 | — | — |
| 2022 | $163,149 | — | $163,149 | — | — |