Plan Snapshot
- Plan Sponsor: Wayne Action Group For Economi
- Sponsor EIN: 566070824
- Sponsor Address: 601 ROYALL AVE, GOLDSBORO, NC, 275342570
- Plan Type: DC
- Total Participants: 363
- Total Assets: $4.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 363 | $4.3M | $566,470 | $0 |
| 2023 | 360 | $3.6M | $516,572 | $0 |
| 2022 | 277 | $3.0M | $399,857 | $0 |
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 |
|---|---|---|---|---|
| BARROW, PARRIS, & DAVENPORT, PA | 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 | $2,354 | — | — | — | — |
| 2023 | $756 | — | — | — | — |
| 2022 | $2,667 | — | — | — | — |