Plan Snapshot
- Plan Sponsor: Piedmont Healthcare, P.A.
- Sponsor EIN: 561965983
- Sponsor Address: 650 SIGNAL HILL DRIVE EXTENSION, STATESVILLE, NC, 28687
- Plan Type: 401(k)
- Total Participants: 871
- Total Assets: $177.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 871 | $177.0M | $6.4M | $5.3M |
| 2023 | 856 | $164.1M | $5.8M | $4.6M |
| 2022 | 801 | $143.1M | $5.3M | $4.2M |
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 |
|---|---|---|---|---|
| CARR, RIGGS, AND INGRAM LLC | Auditor | $19,000 | — | $19,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,000
- Estimated Expense Ratio: 0.011% 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 | $209,723 | $149,350 | $11,000 | $19,000 | — |
| 2023 | $202,332 | $145,000 | $11,000 | $18,000 | — |
| 2022 | $195,926 | $152,419 | $9,507 | — | $34,000 |