Plan Snapshot
- Plan Sponsor: Sun Realty Of Nags Head, INC.
- Sponsor EIN: 561271736
- Sponsor Address: 1500 S CROATAN HWY, KILL DEVIL HILLS, NC, 27948
- Plan Type: 401(k)
- Total Participants: 284
- Total Assets: $2.6M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 284 | $2.6M | $62,897 | $320,547 |
| 2023 | 247 | $2.2M | $51,109 | $264,612 |
| 2022 | 227 | $1.7M | $41,814 | $213,571 |
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 |
|---|---|---|---|---|
| FIDELITY WORKPLACE SERVICES, LLC | PLAN ADMINISTRATOR | $25,743 | — | $25,743 |
| GORDON ASSET MANAGEMENT LLC | ADVISOR | $9,008 | — | $9,008 |
| COLBY & COMPANY PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GORDON ASSET MANAGEMENT LLC — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,751
- Estimated Expense Ratio: 1.312% 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 | $35,470 | $9,728 | $2,219 | — | — |
| 2023 | $26,874 | $7,413 | $2,033 | — | — |
| 2022 | $4,267 | — | — | — | — |