Plan Snapshot
- Plan Sponsor: Phoenix Taco LLC
- Sponsor EIN: 562108172
- Sponsor Address: 104 MULL ST, MORGANTON, NC, 286553315
- Plan Type: 401(k)
- Total Participants: 659
- Total Assets: $4.1M
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 | 659 | $4.1M | $230,225 | $574,353 |
| 2023 | 349 | $2.4M | $193,792 | $441,161 |
| 2022 | 335 | $1.7M | $173,280 | $380,310 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $53,466 | — | $53,466 |
| BENNETT THRASHER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENNETT THRASHER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,466
- Estimated Expense Ratio: 1.313% 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 | $53,466 | — | $53,466 | — | — |
| 2023 | $31,253 | — | $31,253 | — | — |
| 2022 | $24,871 | — | $24,871 | — | — |