Plan Snapshot
- Plan Sponsor: Mountain Community Health Partnership Incorporated
- Sponsor EIN: 561084427
- Sponsor Address: 86 N. MITCHELL AVE., BAKERSVILLE, NC, 287056502
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $5.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 133 | $5.5M | $376,439 | $457,362 |
| 2023 | 122 | $3.8M | $341,780 | $421,315 |
| 2022 | 130 | $2.7M | $282,110 | $359,868 |
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 | $26,490 | — | $26,490 |
| EDWARD JONES | INVESTMENT ADVISORY | — | $19,825 | $19,825 |
| TERRY L HORNE, CPA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,315
- Estimated Expense Ratio: 0.845% 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 | $26,491 | — | $26,491 | — | — |
| 2023 | $10,191 | — | $10,191 | — | — |
| 2022 | — | — | — | — | — |