# Team Carolinas, INC. 401(k) Plan
Source: https://planprovider.pro/companies/team-carolinas-inc-401k-plan

> Team Carolinas, INC.&#39;s 401(k) plan: 0 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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