Plan Snapshot
- Plan Sponsor: North Carolina Home Builders Association, INC. Group Insurance Trust
- Sponsor EIN: 933411350
- Sponsor Address: 5580 CENTERVIEW DRIVE, SUITE 415, RALEIGH, NC, 27066
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 706
- Total Assets: $63,084
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 | 706 | $63,084 | $5.2M | $31,931 |
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 |
|---|---|---|---|---|
| BUSINESSOLVER | Other Service Provider | $86,940 | — | $86,940 |
| NCHBA | Recordkeeper | $45,080 | — | $45,080 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $132,020
- Estimated Expense Ratio: 209.277% 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 | $140,774 | — | $86,940 | — | — |