Plan Snapshot
- Plan Sponsor: Tidewater Transit Company, INC.
- Sponsor EIN: 560515560
- Sponsor Address: P.O. BOX 189, KINSTON, NC, 285020189
- Plan Type: 401(k)
- Total Participants: 687
- Total Assets: $24.5M
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 | 687 | $24.5M | $791,088 | $1.2M |
| 2023 | 712 | $21.7M | $1.1M | $1.2M |
| 2022 | 961 | $18.5M | $898,418 | $1.2M |
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 |
|---|---|---|---|---|
| PB MARES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PB MARES — Auditor
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 | $192,387 | $102,044 | $90,343 | — | — |
| 2023 | $155,525 | $79,584 | $75,941 | — | — |
| 2022 | $159,504 | $82,061 | $77,443 | — | — |