# North Carolina Bankers Association INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/north-carolina-bankers-association-inc-560340440-501

> North Carolina Bankers Association INC.'s Health & Welfare plan: 2,101 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/johnson-lambert-llp) — Auditor

- [BROOKS PIERCE](https://planprovider.pro/provider/brooks-pierce-mclendon-humphrey-and-leonard-llp) — 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|—|

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