Plan Snapshot
- Plan Sponsor: Haynsworth Sinkler Boyd, P.A.
- Sponsor EIN: 571111443
- Sponsor Address: 1201 MAIN STREET 22ND FLOOR, COLUMBIA, SC, 292013200
- Plan Type: 401(k)
- Total Participants: 195
- Total Assets: $145.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 195 | $145.2M | $2.8M | $2.1M |
| 2023 | 198 | $129.0M | $2.6M | $2.2M |
| 2022 | 199 | $116.4M | $2.5M | $2.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $159,316 | — | $159,316 |
| CREATIVE PLANNING | INV ADV, PARTICIPANTS | $50,000 | — | $50,000 |
| BAUKNIGHT PIETRAS & STORMER, P.A., | ACCOUNTANT | $20,339 | — | $20,339 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CREATIVE PLANNING — INV ADV, PARTICIPANTS
- BAUKNIGHT PIETRAS & STORMER, P.A., — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $229,655
- Estimated Expense Ratio: 0.158% 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 | $166,888 | $7,300 | $159,588 | — | — |
| 2023 | $137,202 | — | $137,202 | — | — |
| 2022 | $139,631 | — | $139,631 | — | — |