Plan Snapshot
- Plan Sponsor: Sokal Media Group, INC.
- Sponsor EIN: 271368650
- Sponsor Address: 9911 NORTHCROSS CENTER COURT, HUNTERSVILLE, NC, 28078
- Plan Type: 401(k)
- Total Participants: 178
- Total Assets: $5.6M
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 | 178 | $5.6M | $455,033 | $455,080 |
| 2023 | 153 | $4.4M | $356,460 | $586,361 |
| 2022 | 135 | $3.1M | $240,210 | $448,023 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | RECORDKEEPER | $17,176 | — | $17,176 |
| HFA CERTIFIED PUBLIC ACCOUNTANTS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RECORDKEEPER
- HFA CERTIFIED PUBLIC ACCOUNTANTS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,176
- Estimated Expense Ratio: 0.304% 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 | $17,176 | $707 | $16,469 | — | — |
| 2023 | $9,710 | $254 | $9,456 | — | — |
| 2022 | $3,328 | — | $2,955 | — | — |