Plan Snapshot
- Plan Sponsor: North Carolina Wesleyan University
- Sponsor EIN: 560686603
- Sponsor Address: 3400 N. WESLEYAN BLVD, ROCKY MOUNT, NC, 278048699
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 377
- Total Assets: $33.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 377 | $33.0M | $0 | $0 |
| 2024 | 142 | $29.4M | $487,344 | $540,666 |
| 2023 | 148 | $26.5M | $481,352 | $520,304 |
| 2022 | 143 | $23.4M | $462,510 | $475,537 |
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 |
|---|---|---|---|---|
| NFP RETIREMENT, INC. | Investment Advisor | $32,500 | — | $32,500 |
| TIAA | Recordkeeper | $18,049 | — | $18,049 |
| FLEXPATH STRATEGIES, LLC | Investment Advisor | $7,498 | — | $7,498 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,047
- Estimated Expense Ratio: 0.176% 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 | $1,775,631 | $10,331 | $50,024 | — | — |
| 2024 | $46,782 | $8,284 | $37,338 | — | — |
| 2023 | $32,342 | — | $27,274 | $1,294 | — |
| 2022 | $17,760 | $1,766 | $15,813 | — | — |