Plan Snapshot
- Plan Sponsor: Reged, INC.
- Sponsor EIN: 561834249
- Sponsor Address: 2100 GATEWAY CENTRE BLVD, MORRISVILLE, NC, 27560
- Plan Type: 401(k)
- Total Participants: 364
- Total Assets: $37.3M
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 | 364 | $37.3M | $682,729 | $3.1M |
| 2023 | 364 | $30.3M | $607,635 | $2.7M |
| 2022 | 298 | $23.9M | $535,231 | $2.5M |
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 | $48,371 | — | $48,371 |
| WELLS FARGO ADVISORS | INVESTMENT ADVISORY | $14,996 | $7,504 | $22,500 |
| BERNARD ROBINSON & COMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BERNARD ROBINSON & COMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,871
- Estimated Expense Ratio: 0.190% 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 | $63,367 | $14,996 | $48,371 | — | — |
| 2023 | $68,744 | $29,992 | $38,752 | — | — |
| 2022 | $81,025 | $26,243 | $54,782 | — | — |