Plan Snapshot
- Plan Sponsor: Health Care Partners Of South Carolina, INC.
- Sponsor EIN: 570679807
- Sponsor Address: 1708 OAK STREET, CONWAY, SC, 29526
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $3.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 151 | $3.4M | $329,430 | $475,830 |
| 2023 | 136 | $2.5M | $293,366 | $413,833 |
| 2022 | 139 | $1.6M | $245,061 | $349,300 |
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 INSURANCE COMPANY | Recordkeeper | $18,651 | — | $18,651 |
| COLTON GROOME FINANCIAL ADVISORS LL | Investment Advisor | $16,457 | — | $16,457 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,108
- Estimated Expense Ratio: 1.041% 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 | $35,108 | $16,457 | — | — | — |
| 2023 | $19,446 | $8,134 | — | — | — |
| 2022 | $10,506 | — | — | — | — |