Plan Snapshot
- Plan Sponsor: Skyline Telephone Membership Corporation Employee Benefit Trust
- Sponsor EIN: 566536981
- Sponsor Address: P.O. BOX 759, WEST JEFFERSON, NC, 28694
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 133
- Total Assets: $34.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 133 | $34.6M | $1.6M | $0 |
| 2023 | 133 | $30.7M | $1.5M | $0 |
| 2022 | 129 | $26.4M | $1.4M | $0 |
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 |
|---|---|---|---|---|
| FIRST CITIZENS BANK & TRUST COMPANY | Investment Advisor | $135,858 | — | $135,858 |
| TURLINGTON AND COMPANY, L.L.P. | Auditor | $8,250 | — | $8,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TURLINGTON AND COMPANY, L.L.P. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $144,108
- Estimated Expense Ratio: 0.417% 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 | $144,108 | $135,858 | — | $8,250 | — |
| 2023 | $127,269 | $119,019 | — | $8,250 | — |
| 2022 | $125,102 | $117,102 | — | — | $8,000 |