Plan Snapshot
- Plan Sponsor: Orthopaedic Specialists Of Nc, P.A.
- Sponsor EIN: 562232487
- Sponsor Address: 11221 GALLERIA AVE, RALEIGH, NC, 27614
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $11.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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. |
|---|---|---|---|---|
| 2024 | 132 | $11.3M | $341,619 | $592,479 |
| 2023 | 108 | $9.3M | $277,764 | $476,689 |
| 2022 | 90 | $7.3M | $218,226 | $395,157 |
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 |
|---|---|---|---|---|
| QUALIFIED RETIREMENT PLAN SERVICES | Other Service Provider | $650 | $10,209 | $10,859 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $10,537 | — | $10,537 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,396
- Estimated Expense Ratio: 0.189% 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 | $11,976 | — | — | — | — |
| 2023 | $10,173 | — | — | — | — |
| 2022 | $9,485 | $9,485 | — | — | — |