Plan Snapshot
- Plan Sponsor: Grace Management Group, LLC
- Sponsor EIN: 582448324
- Sponsor Address: 951 S. PINE STREET, STE. 200, SPARTANBURG, SC, 29302
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $3.2M
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 | 181 | $3.2M | $424,317 | $524,413 |
| 2023 | 162 | $2.0M | $433,324 | $425,633 |
| 2022 | 154 | $1.1M | $323,144 | $431,282 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMER | RECORDKEEPER | $13,011 | — | $13,011 |
| FIRST HEARTLAND CONSULTANTS | INVESTMENT ADVISOR | $5,935 | — | $5,935 |
| SWAIMBROWN PA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SWAIMBROWN PA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,946
- Estimated Expense Ratio: 0.584% 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 | $26,887 | — | $26,887 | — | — |
| 2023 | $19,743 | — | $19,743 | — | — |
| 2022 | $12,058 | — | $12,058 | — | — |