Plan Snapshot
- Plan Sponsor: Workplace Options, LLC
- Sponsor EIN: 202699271
- Sponsor Address: 3020 HIGHWOODS BOULEVARD, RALEIGH, NC, 27604
- Plan Type: 401(k)
- Total Participants: 391
- Total Assets: $20.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 391 | $20.8M | $822,996 | $1.6M |
| 2023 | 380 | $18.4M | $941,111 | $1.5M |
| 2022 | 350 | $14.2M | $771,054 | $1.2M |
| 2020 | 392 | $15.0M | $0 | $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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | 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 | $85,473 | $26,619 | $58,854 | — | — |
| 2023 | $71,010 | $21,514 | $49,496 | — | — |
| 2022 | $59,468 | $17,090 | $42,378 | — | — |
| 2020 | $64,894 | $27,714 | — | — | — |