Plan Snapshot
- Plan Sponsor: North American Credit Services, INC.
- Sponsor EIN: 621071441
- Sponsor Address: 2810 WALKER RD., CHATTANOOGA, TN, 37421
- Plan Type: 401(k)
- Total Participants: 558
- Total Assets: $4.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 558 | $4.8M | $232,446 | $495,203 |
| 2023 | 387 | $3.7M | $162,685 | $335,209 |
| 2022 | 268 | $3.1M | $136,892 | $296,060 |
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 |
|---|---|---|---|---|
| HENDERSON, HUTCHERSON, AND MCCULLOU | 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 | $3,193 | $3,193 | — | — | — |
| 2023 | $3,526 | $3,526 | — | — | — |
| 2022 | $2,875 | $2,875 | — | — | — |