Plan Snapshot
- Plan Sponsor: Salem Academy And College
- Sponsor EIN: 560530005
- Sponsor Address: 601 S CHURCH STREET, WINSTON-SALEM, NC, 27101
- Plan Type: 403(b)
- Total Participants: 160
- Total Assets: $8.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 160 | $8.9M | $185,247 | $452,245 |
| 2023 | 162 | $8.1M | $0 | $442,230 |
| 2022 | 90 | $7.1M | $0 | $332,789 |
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 |
|---|---|---|---|---|
| BROWN, EDWARDS & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BROWN, EDWARDS & COMPANY — Auditor
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 | $17,186 | $4,713 | $12,473 | — | — |
| 2023 | $14,153 | — | $10,543 | — | — |
| 2022 | $14,956 | $5,198 | $9,758 | — | — |