Plan Snapshot
- Plan Sponsor: Home Builders Association Of South Carolina Group Insurance Trust
- Sponsor EIN: 846513736
- Sponsor Address: 625 TAYLOR STREET, COLUMBIA, SC, 29201
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 567
- Total Assets: $132,562
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 567 | $132,562 | $6.1M | $39,163 |
| 2023 | 651 | $153,353 | $6.7M | $37,902 |
| 2022 | 680 | $197,080 | $6.3M | $36,278 |
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 |
|---|---|---|---|---|
| HOME BUILDERS ASSOCIATION OF SC | Other Service Provider | $110,000 | — | $110,000 |
| CLIFTONLARSONALLEN, LLP | Auditor | $18,900 | — | $18,900 |
| FIRST CITIZENS BANK | Other Service Provider | $5,966 | — | $5,966 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,866
- Estimated Expense Ratio: 101.738% 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 | $140,993 | — | — | $18,900 | — |
| 2023 | $175,237 | — | — | $14,175 | — |
| 2022 | $142,411 | — | — | — | $28,806 |