Plan Snapshot
- Plan Sponsor: Sears Contract, INC.
- Sponsor EIN: 561909919
- Sponsor Address: P.O. BOX 33429, RALEIGH, NC, 276363429
- Plan Type: 401(k)
- Total Participants: 163
- Total Assets: $9.3M
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 | 163 | $9.3M | $399,618 | $496,783 |
| 2023 | 162 | $7.7M | $347,083 | $462,107 |
| 2022 | 132 | $6.1M | $268,102 | $414,731 |
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 |
|---|---|---|---|---|
| GORDON ASSET MANAGEMENT | INVESTMENT ADVISOR | $24,591 | — | $24,591 |
| MELISSA G. CRITCHER, CPA PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GORDON ASSET MANAGEMENT — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,591
- Estimated Expense Ratio: 0.265% 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 | $29,963 | $24,591 | — | — | — |
| 2023 | $24,234 | $20,150 | $2,351 | — | — |
| 2022 | $24,007 | $20,261 | $2,806 | — | — |