Plan Snapshot
- Plan Sponsor: North Carolina Bankers Association INC.
- Sponsor EIN: 560340440
- Sponsor Address: 3601 HAWORTH DRIVE, RALEIGH, NC, 27609
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,101
- Total Assets: $12.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,101 | $12.9M | $32.1M | $0 |
| 2023 | 2,139 | $10.4M | $0 | $29.8M |
| 2022 | 2,104 | $12.0M | $0 | $28.8M |
| 2021 | 2,254 | $13.2M | $0 | $27.5M |
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 |
|---|---|---|---|---|
| COMMUNITY BANK SERVICES INC | Recordkeeper | $1,292,451 | $28,478 | $1,320,929 |
| FIRST STOP HEALTH | Other Service Provider | $144,125 | — | $144,125 |
| BUSINESSSOLVER.COM, INC | Other Service Provider | $139,052 | — | $139,052 |
| HCMS GROUP | Other Service Provider | $97,261 | — | $97,261 |
| SCOTT INSURANCE | Investment Advisor | $59,420 | $28,478 | $87,898 |
| JOHNSON & LAMBERT | Auditor | $83,511 | — | $83,511 |
| RUDD & WISDOM, INC. | Actuary | $39,380 | — | $39,380 |
| BROOKS PIERCE | ERISA Attorney | $8,436 | — | $8,436 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHNSON & LAMBERT — Auditor
- BROOKS PIERCE — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,920,592
- Estimated Expense Ratio: 14.934% 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 | $3,099,033 | — | $2,997,901 | — | — |
| 2023 | $3,049,837 | — | $2,907,898 | — | — |
| 2022 | $3,143,838 | — | $3,036,390 | — | $103,832 |
| 2021 | $3,110,463 | — | $2,959,420 | $25,575 | — |