Plan Snapshot
- Plan Sponsor: True Homes, LLC
- Sponsor EIN: 261483906
- Sponsor Address: 2649 BREKONRIDGE CENTRE DRIVE, MONROE, NC, 28110
- Plan Type: 401(k)
- Total Participants: 390
- Total Assets: $24.3M
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 | 390 | $24.3M | $1.2M | $2.9M |
| 2023 | 483 | $18.4M | $1.2M | $2.7M |
| 2022 | 435 | $13.3M | $488,141 | $2.4M |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — 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 | $113,554 | — | $113,554 | — | — |
| 2023 | $95,167 | — | $95,167 | — | — |
| 2022 | $80,632 | $31,047 | $49,585 | — | — |