Plan Snapshot
- Plan Sponsor: Ncontracts LLC
- Sponsor EIN: 300625792
- Sponsor Address: 214 OVERLOOK BLVD,, BRENTWOOD, TN, 37027
- Plan Type: 401(k)
- Total Participants: 356
- Total Assets: $23.9M
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 | 356 | $23.9M | $1.5M | $3.1M |
| 2023 | 373 | $16.7M | $1.3M | $2.6M |
| 2022 | 317 | $11.3M | $1.0M | $2.1M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $36,582 | — | $36,582 |
| RESOURCES INVESTMENT ADVISORS | NONE | $15,491 | — | $15,491 |
| NEWFRONT RETIREMENT SERVICE, INC. | NONE | $15,270 | — | $15,270 |
| KRAFT CPAS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,343
- Estimated Expense Ratio: 0.281% 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 | $68,921 | $32,339 | $36,582 | — | — |
| 2023 | $79,692 | $2,818 | $76,874 | — | — |
| 2022 | $57,387 | — | $57,387 | — | — |