Plan Snapshot
- Plan Sponsor: North Carolina Bar Association
- Sponsor EIN: 560583941
- Sponsor Address: 8000 WESTON PKWY., CARY, NC, 27513
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 4,509
- Total Assets: $28.7M
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 | 4,509 | $28.7M | $58.3M | $0 |
| 2023 | 4,613 | $29.2M | $57.0M | $0 |
| 2022 | 4,615 | $28.6M | $54.2M | $0 |
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 |
|---|---|---|---|---|
| LAWYERS INSURANCE AGENCY | Other Service Provider | $1,993,745 | $15,124 | $2,008,869 |
| BENEFITFOCUS | Other Service Provider | $262,047 | — | $262,047 |
| SCOTT INSURANCE | Other Service Provider | $68,000 | — | $68,000 |
| JOHNSON LAMBERT | Auditor | $54,020 | — | $54,020 |
| RAYMOND JAMES & ASSOCIATES | Recordkeeper | $38,151 | — | $38,151 |
| RUDD AND WISDOM | Other Service Provider | $32,915 | — | $32,915 |
| PRIMEPAY LLC | Other Service Provider | $32,140 | — | $32,140 |
| OAK HARBOR WEALTH PARTNERS | Other Service Provider | $25,785 | — | $25,785 |
| ALPHAGRAPHICS | Other Service Provider | $20,699 | — | $20,699 |
| BROOKS PIERCE MCLENDON | ERISA Attorney | $18,343 | — | $18,343 |
| GALLAGHER BENEFIT SERVICES | Investment Advisor | $17,037 | — | $17,037 |
| MZQ CONSULTING | Other Service Provider | $16,000 | — | $16,000 |
| TRIUNE TECHNOLOGIES INC. | Other Service Provider | $11,740 | — | $11,740 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHNSON LAMBERT — Auditor
- RAYMOND JAMES & ASSOCIATES — Recordkeeper
- BROOKS PIERCE MCLENDON — ERISA Attorney
- GALLAGHER BENEFIT SERVICES — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,605,746
- Estimated Expense Ratio: 9.084% 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 | $6,028,134 | $70,236 | $4,924,106 | — | — |
| 2023 | $6,624,059 | $67,763 | $5,213,785 | — | — |
| 2022 | $6,286,643 | $69,450 | $5,139,881 | — | $161,071 |