Plan Snapshot
- Plan Sponsor: Western Carolina Community Action, INC.
- Sponsor EIN: 560846319
- Sponsor Address: P.O. BOX 685, HENDERSONVILLE, NC, 28793
- Plan Type: 403(b)
- Total Participants: 216
- Total Assets: $8.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 216 | $8.6M | $599,859 | $624,674 |
| 2023 | 205 | $7.3M | $512,873 | $539,251 |
| 2022 | 168 | $6.0M | $468,714 | $439,159 |
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 |
|---|---|---|---|---|
| WELLS FARGO CLEARING SERVICES LLC | OTHER SERVICES | — | $31,167 | $31,167 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $18,098 | — | $18,098 |
| NEWPORT GROUP, INC. | OTHER SERVICES | — | $8,042 | $8,042 |
| CARTER, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,307
- Estimated Expense Ratio: 0.670% 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 | $18,098 | — | $18,098 | — | — |
| 2023 | $18,220 | — | $18,220 | — | — |
| 2022 | $12,321 | — | $12,321 | — | — |