Western Carolina Community Action, Inc. 403(B) Plan — Form 5500 plan (Western Carolina Community Action, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Western Carolina Community Action, Inc. 403(B) Plan is a benefit plan reported by Western Carolina Community Action, Inc. under EIN 56-0846319 and plan number 001. The latest loaded filing year is 2023. The filing reports 362 participants and $7,345,918 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$7.3MPlan net assets, end of year$7,345,918
Participants362Covered participants reported
Assets / participant$20.3KComputed: assets ÷ participants$20,293 (computed)
Provider compensation$50.2K4 Schedule C provider row(s)$50,172
- Plan sponsor
- Western Carolina Community Action, Inc.
- EIN
- 56-0846319
- Plan number
- 001
- Plan type
- 2
- Location
- Hendersonville, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 362 | H, C | 20241012045726NAL0023142273001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$7.3M total assets
Net assets$7.3MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $7,345,918
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,345,918
- Net assets (BOY)
- $6,044,666
Income & contributions
- Employer contributions
- $512,873
- Participant contributions
- $539,251
- Total contributions
- $1,055,963
- Total income / additions
- $2,018,035
Expenses & distributions
- Benefits paid
- $681,905
- Administrative expenses
- $18,220
- Total expenses
- $716,783
- Net increase / (decrease)
- $1,301,252
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
49%51%
Employer 49%Participant 51%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income34%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wells Fargo Clearing Services LLC | OTHER SERVICES | $0 | $25,597 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $18,150 | $0 | 2023 |
| Newport Group, Inc. | CONTRACT ADMINISTRATOR | $28 | $6,397 | 2023 |
| Wilshire Advisors, LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Western Carolina Community Action, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Hendersonville, NC
- Wells Fargo Clearing Services LLC — Schedule C compensation
- Principal Life Insurance Company — Schedule C compensation
- Newport Group, Inc. — Schedule C compensation
- Wilshire Advisors, LLC — Schedule C compensation