Plan Snapshot
- Plan Sponsor: Commit Enterprises, INC.
- Sponsor EIN: 522345869
- Sponsor Address: 4151 SPRUILL AVENUE, NORTH CHARLESTON, SC, 29405
- Plan Type: 401(k)
- Total Participants: 143
- Total Assets: $15.5M
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 | 143 | $15.5M | $596,811 | $1.4M |
| 2023 | 119 | $11.4M | $507,371 | $1.2M |
| 2022 | 109 | $8.4M | $333,387 | $757,372 |
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 |
|---|---|---|---|---|
| FORGE FINANCIAL AND MGMT CONSULTING | 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 | $67,915 | $32,435 | — | — | — |
| 2023 | $47,660 | $12,710 | $34,850 | — | — |
| 2022 | $46,655 | $22,344 | $24,311 | — | — |