Plan Snapshot
- Plan Sponsor: Babcock Center, INC.
- Sponsor EIN: 570512733
- Sponsor Address: 2725 BANNY JONES AVENUE, WEST COLUMBIA, SC, 29170
- Plan Type: 401(k)
- Total Participants: 583
- Total Assets: $11.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 583 | $11.3M | $649,418 | $855,795 |
| 2023 | 534 | $10.5M | $493,219 | $748,035 |
| 2022 | 1,227 | $9.0M | $453,633 | $731,195 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL | Recordkeeper | $75,438 | — | $75,438 |
| CAROLINA QUALIFIED RETIREMENT PLAN | Other Service Provider | $38,288 | — | $38,288 |
| MCGREGOR & COMPANY | Auditor | $9,150 | — | $9,150 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,876
- Estimated Expense Ratio: 1.089% 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 | $113,727 | — | $113,727 | — | — |
| 2023 | $87,125 | — | $87,125 | — | — |
| 2022 | $105,027 | — | — | — | — |