# Mountain Area Health Education Center, INC. 403(b) Plan
Source: https://planprovider.pro/companies/mountain-area-health-education-center-inc-403b-plan

> Mountain Area Health Education Center, INC.'s 403(b) plan: 1,092 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/colton-groome-financial-advisors-llc) — INVESTMENT ADVISORY

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/mountain-area-health-education-center-inc-403b-plan)

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