Plan Snapshot
- Plan Sponsor: Riccobene Central Services, INC
- Sponsor EIN: 203804359
- Sponsor Address: 3434 KILDAIRE FARM ROAD, CARY, NC, 27518
- Plan Type: 401(k)
- Total Participants: 1,338
- Total Assets: $13.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,338 | $13.5M | $345,118 | $2.7M |
| 2023 | 890 | $9.9M | $255,204 | $2.1M |
| 2022 | 935 | $9.7M | $0 | $1.6M |
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 |
|---|---|---|---|---|
| MMA SECURITIES LLC | Investment Advisor | $39,428 | — | $39,428 |
| EMPOWER ANNUITY COMPANY OF AMERICA | Recordkeeper | $17,600 | — | $17,600 |
| QRPS, INC | Other Service Provider | $5,225 | $11,264 | $16,489 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $9,662 | — | $9,662 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,179
- Estimated Expense Ratio: 0.617% 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 | $64,484 | — | — | — | — |
| 2023 | $29,733 | — | — | — | — |
| 2022 | $12,529 | — | $12,529 | — | — |