Plan Snapshot
- Plan Sponsor: Tar Heel Capital Corporation No. 2
- Sponsor EIN: 621016897
- Sponsor Address: 166 SOUTHGATE DR, BOONE, NC, 28607
- Plan Type: 401(k)
- Total Participants: 1,209
- Total Assets: $8.7M
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 | 1,209 | $8.7M | $108,660 | $321,577 |
| 2023 | 964 | $7.9M | $113,783 | $347,720 |
| 2022 | 1,689 | $7.4M | $114,674 | $351,350 |
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 |
|---|---|---|---|---|
| DMJPS 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 | $39,910 | — | $39,910 | — | — |
| 2023 | $25,858 | — | $25,858 | — | — |
| 2022 | $54,753 | $14,155 | $40,598 | — | — |