Plan Snapshot
- Plan Sponsor: Workplace Options, LLC
- Sponsor EIN: 202699271
- Sponsor Address: 2912 HIGHWOODS BOULEVARD, RALEIGH, NC, 27604
- Plan Type: DC
- Total Participants: 100
- Total Assets: $997,550
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 100 | $997,550 | $202,775 | $0 |
| 2023 | 106 | $818,518 | $247,407 | $0 |
| 2022 | 157 | $554,775 | $227,991 | $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 ADVISORY, LLC | 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 | $10,211 | $1,293 | $8,918 | — | — |
| 2023 | $3,150 | $915 | $2,235 | — | — |
| 2022 | — | — | — | — | — |