Plan Snapshot
- Plan Sponsor: Platinum Corral, LLC
- Sponsor EIN: 561992937
- Sponsor Address: 521 NEW BRIDGE ST, JACKSONVILLE, NC, 28540
- Plan Type: 401(k)
- Total Participants: 60
- Total Assets: $3.1M
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 | 60 | $3.1M | $77,437 | $328,903 |
| 2023 | 60 | $2.4M | $67,481 | $268,491 |
| 2022 | 55 | $1.9M | $54,518 | $227,818 |
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 |
|---|---|---|---|---|
| FIRST NATIONAL TRUST COMPANY | Custodian / Trustee | $15,809 | — | $15,809 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $9,013 | — | $9,013 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,822
- Estimated Expense Ratio: 0.812% 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 | $24,822 | $15,809 | — | — | — |
| 2023 | $16,048 | — | — | — | — |
| 2022 | $14,753 | $7,733 | $7,020 | — | — |