Plan Snapshot
- Plan Sponsor: Porters Neck Village
- Sponsor EIN: 561345076
- Sponsor Address: 1200 PORTERS NECK ROAD, WILMINGTON, NC, 284117622
- Plan Type: DC
- Total Participants: 161
- Total Assets: $2.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 161 | $2.1M | $159,695 | $248,297 |
| 2023 | 145 | $1.7M | $66,561 | $221,520 |
| 2022 | 139 | $1.3M | $56,759 | $191,081 |
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 |
|---|---|---|---|---|
| DAVIDSON, HOLLAND, WHITESELL & CO. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $26,338 | $1,919 | $24,419 | — | — |
| 2023 | $20,311 | $1,143 | $19,168 | — | — |
| 2022 | $21,498 | $1,035 | $20,463 | — | — |