Plan Snapshot
- Plan Sponsor: Southeastern Community Action
- Sponsor EIN: 560815638
- Sponsor Address: 405 N ELM ST, LUMBERTON, NC, 283585556
- Plan Type: 403(b)
- Total Participants: 327
- Total Assets: $6.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 327 | $6.4M | $529,728 | $252,596 |
| 2023 | 317 | $5.9M | $484,788 | $231,606 |
| 2022 | 318 | $5.5M | $473,253 | $233,003 |
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 |
|---|---|---|---|---|
| ANDERSON SMITH & WIKE PLLC | 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 | $6,300 | — | — | — | — |
| 2023 | $5,707 | — | — | — | — |
| 2022 | $7,485 | — | — | — | — |