Plan Snapshot
- Plan Sponsor: Trc Acquisition, LLC
- Sponsor EIN: 262311706
- Sponsor Address: 176 LAURIE ELLIS ROAD, WINTERVILLE, NC, 28590
- Plan Type: 401(k)
- Total Participants: 406
- Total Assets: $13.4M
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. |
|---|---|---|---|---|
| 2024 | 406 | $13.4M | $534,545 | $1.1M |
| 2023 | 411 | $11.1M | $478,552 | $873,576 |
| 2022 | 298 | $9.5M | $439,773 | $798,122 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $58,750 | — | $58,750 |
| WELLS FARGO ADVISORS INS AGENCY INC | BROKER/ADVISER | — | $29,000 | $29,000 |
| GRAY & KING, CPAS, P.A. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,750
- Estimated Expense Ratio: 0.655% 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 |
|---|---|---|---|---|---|
| 2024 | $60,353 | $1,605 | — | — | — |
| 2023 | $24,394 | $840 | — | — | — |
| 2022 | $9,081 | — | $9,081 | — | — |