Plan Snapshot
- Plan Sponsor: Cullum Mechanical Construction, INC.
- Sponsor EIN: 570546491
- Sponsor Address: 3325 PACIFIC AVENUE, NORTH CHARLESTON, SC, 29418
- Plan Type: 401(k)
- Total Participants: 218
- Total Assets: $22.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 218 | $22.2M | $374,999 | $731,617 |
| 2023 | 208 | $18.7M | $350,002 | $742,443 |
| 2022 | 210 | $16.3M | $251,477 | $673,603 |
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 |
|---|---|---|---|---|
| CAROLINA QUALIFIED RETIREMENT PLAN | NONE | $34,807 | — | $34,807 |
| THE VANGUARD GROUP, INC. | NONE | $26,948 | — | $26,948 |
| MOSS & YANTIS CPA | NONE | $9,450 | — | $9,450 |
| MOSS & YANTIS, CPA, P.A. | Auditor | $9,450 | — | $9,450 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- MOSS & YANTIS, CPA, P.A. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,655
- Estimated Expense Ratio: 0.364% 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 | $71,205 | $34,807 | $26,948 | $9,450 | — |
| 2023 | $65,289 | — | $24,220 | $8,000 | — |
| 2022 | $66,148 | — | $21,608 | — | $8,000 |