Plan Snapshot
- Plan Sponsor: Star Telephone Membership Corporation Retiree Welfare Benefits Plan An
- Sponsor EIN: 455088790
- Sponsor Address: 3900 NORTH U.S. HIGHWAY 421, CLINTON, NC, 28328
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 72
- Total Assets: $21.8M
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 | 72 | $21.8M | $267,950 | $0 |
| 2023 | 74 | $20.8M | $1.1M | $0 |
| 2022 | 74 | $19.9M | $824,007 | $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 |
|---|---|---|---|---|
| ACS BENEFIT SERVICES, INC | Other Service Provider | $161,731 | — | $161,731 |
| WELLS FARGO & COMPANY | Investment Advisor | $142,033 | — | $142,033 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $303,764
- Estimated Expense Ratio: 1.397% 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 | $1,851,120 | $142,033 | — | — | — |
| 2023 | $2,384,953 | $121,577 | — | — | — |
| 2022 | $294,182 | $128,844 | — | — | $12,250 |