Plan Snapshot
- Plan Sponsor: North Carolina Medical Society
- Sponsor EIN: 560320130
- Sponsor Address: 700 SPRING FOREST RD STE 400, RALEIGH, NC, 276099124
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 6,041
- Total Assets: $15.5M
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. |
|---|---|---|---|---|
| 2025 | 6,041 | $15.5M | $0 | $0 |
| 2024 | 6,857 | $25.3M | $0 | $47.8M |
| 2023 | 7,094 | $28.8M | $0 | $45.9M |
| 2022 | 7,370 | $32.2M | $0 | $49.9M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF NC | Other Service Provider | $2,410,276 | — | $2,410,276 |
| SENTINEL BENEFIT CONSULTING | Other Service Provider | $1,595,042 | — | $1,595,042 |
| MEDICAL MUTUAL INSURANCE CO OF NC | Other Service Provider | $1,497,975 | — | $1,497,975 |
| NORTH RIVER INSURANCE | Other Service Provider | $677,800 | — | $677,800 |
| NC MEDICAL SOCIETY | Other Service Provider | $414,747 | — | $414,747 |
| RUDD AND WISDOM INC. | Other Service Provider | $121,863 | — | $121,863 |
| TROUTMAN PEPPER HAMILTON SANDERS LL | Other Service Provider | $81,118 | — | $81,118 |
| JOHNSON LAMBERT AND CO LLP | Other Service Provider | $58,633 | — | $58,633 |
| VITAL WORKLIFE INC. | Other Service Provider | $57,207 | — | $57,207 |
| CAROLINA EYE ASSOCIATES | Other Service Provider | $50,000 | — | $50,000 |
| SENTINEL RISK ADVISORS | Other Service Provider | $40,996 | — | $40,996 |
| FLORES AND ASSOCIATES | Other Service Provider | $25,214 | — | $25,214 |
| ASSET ALLOCATION AND MANAGEMENT | Other Service Provider | $16,404 | — | $16,404 |
| TRIUNE TECHNOLOGIES | Other Service Provider | $15,345 | — | $15,345 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,062,620
- Estimated Expense Ratio: 45.688% 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 |
|---|---|---|---|---|---|
| 2025 | $56,522,687 | $15,400 | $3,905,323 | $58,633 | — |
| 2024 | $6,964,565 | $25,112 | $4,025,547 | $54,594 | — |
| 2023 | $6,999,534 | $30,531 | $3,819,982 | $51,045 | — |
| 2022 | $6,852,999 | $1,940,340 | $2,047,942 | — | $247,784 |