Plan Snapshot
- Plan Sponsor: Team Carolinas, INC.
- Sponsor EIN: 561854397
- Sponsor Address: 122 AVALON DRIVE, SUITE G, SALISBURY, NC, 28146
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $2.5M
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 | 0 | $2.5M | $154,799 | $267,665 |
| 2023 | 417 | $2.0M | $142,484 | $232,795 |
| 2022 | 399 | $1.7M | $118,926 | $195,981 |
| 2021 | 388 | $1.7M | $0 | $0 |
| 2020 | 69 | $1.5M | $0 | $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 |
|---|---|---|---|---|
| SHARRARD, MCGEE & CO., PA | 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 | $36,191 | $18,332 | — | — | — |
| 2023 | $30,888 | $14,874 | — | — | — |
| 2022 | $22,652 | — | $22,652 | — | — |
| 2021 | $26,509 | — | $26,509 | — | — |
| 2020 | $20,207 | — | $20,207 | — | — |