Plan Snapshot
- Plan Sponsor: Salem One, INC.
- Sponsor EIN: 561550868
- Sponsor Address: 5670 SHATTALON DR, WINSTON SALEM, NC, 27105
- Plan Type: 401(k)
- Total Participants: 198
- Total Assets: $10.9M
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 | 198 | $10.9M | $245,879 | $775,828 |
| 2023 | 111 | $7.6M | $232,527 | $519,834 |
| 2022 | 117 | $6.3M | $219,439 | $462,304 |
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 |
|---|---|---|---|---|
| CONNER ASH P. C. | 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 | $36,258 | $19,583 | — | — | — |
| 2023 | $30,327 | $16,901 | — | — | — |
| 2022 | $34,555 | $15,962 | — | — | — |