Plan Snapshot
- Plan Sponsor: William Peace University
- Sponsor EIN: 560529988
- Sponsor Address: 15 EAST PEACE ST., RALEIGH, NC, 27604
- Plan Type: 403(b)
- Total Participants: 136
- Total Assets: $22.7M
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 | 136 | $22.7M | $229,551 | $556,917 |
| 2023 | 136 | $20.3M | $211,607 | $527,409 |
| 2022 | 139 | $18.0M | $203,643 | $527,673 |
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 |
|---|---|---|---|---|
| TIAA | RECORDKEEPER | $28,017 | — | $28,017 |
| VERITY ASSET MANAGEMENT, INC. | ADVISOR | $15,414 | — | $15,414 |
| CAPITAL ASSET ADVISORY SVCS | ADVISOR | $15,307 | — | $15,307 |
| AC CPA, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — RECORDKEEPER
- CAPITAL ASSET ADVISORY SVCS — ADVISOR
- AC CPA, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,738
- Estimated Expense Ratio: 0.258% 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 | $58,662 | $10,920 | $47,742 | — | — |
| 2023 | $49,107 | — | $39,534 | — | — |
| 2022 | $46,940 | $9,570 | $37,370 | — | — |