Plan Snapshot
- Plan Sponsor: Wray Ward, LLC
- Sponsor EIN: 561698917
- Sponsor Address: 900 BAXTER STREET, CHARLOTTE, NC, 28204
- Plan Type: 401(k)
- Total Participants: 96
- Total Assets: $15.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 96 | $15.1M | $75,258 | $743,308 |
| 2023 | 109 | $14.9M | $217,048 | $1.0M |
| 2022 | 168 | $13.4M | $419,033 | $910,544 |
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 |
|---|---|---|---|---|
| MCCANNON, ROGERS, DRISCOLL & ASSOCI | Auditor | $8,500 | — | $8,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,500
- Estimated Expense Ratio: 0.056% 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 | $25,719 | $12,000 | $850 | $8,500 | — |
| 2023 | $21,252 | $12,000 | $939 | — | — |
| 2022 | $13,677 | — | — | — | — |