Plan Snapshot
- Plan Sponsor: The North Carolina Mutual Wholesale Drug Company, INC.
- Sponsor EIN: 560576951
- Sponsor Address: 816 ELLIS ROAD, DURHAM, NC, 27703
- Plan Type: 401(k)
- Total Participants: 95
- Total Assets: $22.7M
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 | 95 | $22.7M | $441,992 | $665,905 |
| 2023 | 97 | $20.7M | $439,708 | $620,516 |
| 2022 | 107 | $19.2M | $419,805 | $594,401 |
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 |
|---|---|---|---|---|
| BALANCE & STRATEGY ADVISORS, CPA'S | 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 | $37,000 | $37,000 | — | — | — |
| 2023 | $62,187 | $37,000 | — | — | — |
| 2022 | $99,757 | $79,717 | $20,040 | — | — |