Plan Snapshot
- Plan Sponsor: O.R. Colan Associates, LLC
- Sponsor EIN: 010780018
- Sponsor Address: 7005 SHANNON WILLOW ROAD SUITE 100, CHARLOTTE, NC, 28226
- Plan Type: 401(k)
- Total Participants: 380
- Total Assets: $27.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 380 | $27.6M | $1.1M | $2.3M |
| 2023 | 335 | $25.6M | $1.2M | $2.1M |
| 2022 | 325 | $20.2M | $781,958 | $1.9M |
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 |
|---|---|---|---|---|
| MELISSA G. CRITCHER, CPA, PC | Auditor | $325 | — | $325 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MELISSA G. CRITCHER, CPA, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $325
- Estimated Expense Ratio: 0.001% 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 | $100,719 | $38,671 | — | $325 | — |
| 2023 | $83,708 | $31,651 | — | — | — |
| 2022 | $71,904 | — | $71,904 | — | — |