Plan Snapshot
- Plan Sponsor: Claflin University
- Sponsor EIN: 570314374
- Sponsor Address: 400 MAGNOLIA ST, ORANGEBURG, SC, 291156815
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 284
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 284 | $0 | $0 | $0 |
| 2023 | 278 | $0 | $0 | $0 |
| 2022 | 203 | $0 | $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 |
|---|---|---|---|---|
| EMPLOYEE BENEFITS MGMT SERVICES LLC | Recordkeeper | $154,471 | — | $154,471 |
| 5S FINANCIAL GROUP LLC | Investment Advisor | $72,995 | — | $72,995 |
| MY TELEMEDICINE INC | Other Service Provider | $8,047 | — | $8,047 |
| CIGNA HEALTH | Other Service Provider | $6,240 | — | $6,240 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPLOYEE BENEFITS MGMT SERVICES LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $241,753
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 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |