Plan Snapshot
- Plan Sponsor: Murphy Family Ventures, LLC
- Sponsor EIN: 030542650
- Sponsor Address: P. O. BOX 1139, WALLACE, NC, 28466
- Plan Type: 401(k)
- Total Participants: 867
- Total Assets: $32.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 867 | $32.5M | $427,736 | $1.2M |
| 2023 | 393 | $29.1M | $448,698 | $1.2M |
| 2022 | 841 | $24.9M | $441,954 | $1.1M |
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 |
|---|---|---|---|---|
| THOMAS JUDY & TUCKER, PA | 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 | $86,907 | $29,258 | $10,888 | — | — |
| 2023 | $93,204 | $10,299 | $9,040 | — | — |
| 2022 | $123,503 | $28,125 | $82,847 | — | $12,531 |