Plan Snapshot
- Plan Sponsor: Sellethics Marketing Group, INC.
- Sponsor EIN: 562119424
- Sponsor Address: 941 MATTHEWS MINT HILL ROAD, MATTHEWS, NC, 281051777
- Plan Type: 401(k)
- Total Participants: 329
- Total Assets: $14.8M
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 | 329 | $14.8M | $151,660 | $1.2M |
| 2023 | 311 | $13.4M | $127,898 | $1.1M |
| 2022 | 382 | $13.7M | $187,083 | $1.5M |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | SERVICE PROVIDER | $28,896 | — | $28,896 |
| MELISSA G. CRITCHER, CPA, PC | AUDITOR | $5,800 | — | $5,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — SERVICE PROVIDER
- MELISSA G. CRITCHER, CPA, PC — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,696
- Estimated Expense Ratio: 0.234% 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 | $34,696 | — | $28,896 | $5,800 | — |
| 2023 | $26,625 | — | $26,625 | — | — |
| 2022 | $28,544 | — | $28,544 | — | — |