Plan Snapshot
- Plan Sponsor: Well-Spring Retirement Community, INC.
- Sponsor EIN: 561497371
- Sponsor Address: 5603 NEW GARDEN VILLAGE DRIVE, GREENSBORO, NC, 27410
- Plan Type: 403(b)
- Total Participants: 781
- Total Assets: $16.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 781 | $16.5M | $315,561 | $985,495 |
| 2023 | 742 | $15.3M | $294,120 | $818,422 |
| 2022 | 700 | $13.5M | $163,959 | $596,476 |
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 |
|---|---|---|---|---|
| BERNARD ROBINSON & COMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BERNARD ROBINSON & COMPANY 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 | $67,789 | — | $67,789 | — | — |
| 2023 | $57,218 | — | $57,218 | — | — |
| 2022 | $41,203 | — | $41,203 | — | — |