Plan Snapshot
- Plan Sponsor: Tep Holdings, LLC
- Sponsor EIN: 472397460
- Sponsor Address: 326 TRYON ROAD, RALEIGH, NC, 27603
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 1,538
- Total Assets: $50.4M
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. |
|---|---|---|---|---|
| 2025 | 1,538 | $50.4M | $0 | $0 |
| 2024 | 979 | $38.9M | $1.7M | $3.2M |
| 2023 | 716 | $32.3M | $1.7M | $3.1M |
| 2022 | 802 | $24.7M | $1.6M | $2.8M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH | Other Service Provider | $63,166 | — | $63,166 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | Recordkeeper | $22,684 | — | $22,684 |
| NFP RETIREMENT | Other Service Provider | $20,000 | — | $20,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $105,850
- Estimated Expense Ratio: 0.210% 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 |
|---|---|---|---|---|---|
| 2025 | $2,761,209 | $83,166 | $19,011 | — | — |
| 2024 | $190,817 | $72,005 | $18,785 | — | — |
| 2023 | $190,827 | $87,721 | $103,106 | — | — |
| 2022 | $158,533 | $158,533 | — | — | — |