Plan Snapshot
- Plan Sponsor: Island Capital Group LLC
- Sponsor EIN: 364525612
- Sponsor Address: 124 VERDAE BLVD, GREENVILLE, SC, 29607
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 455
- Total Assets: $79.4M
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. |
|---|---|---|---|---|
| 2025 | 455 | $79.4M | $0 | $0 |
| 2024 | 105 | $71.6M | $841,830 | $1.8M |
| 2023 | 107 | $65.9M | $751,782 | $1.7M |
| 2022 | 109 | $59.0M | $473,046 | $936,564 |
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 |
|---|---|---|---|---|
| USI ADVISORS INC | Other Service Provider | $41,615 | — | $41,615 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | Other Service Provider | $32,320 | — | $32,320 |
| FORVIS MAZARS, LLP | Other Service Provider | $11,978 | — | $11,978 |
| KRILOGY FINANCIAL LLC | Other Service Provider | $8,242 | — | $8,242 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,155
- Estimated Expense Ratio: 0.119% 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 |
|---|---|---|---|---|---|
| 2025 | $5,489,480 | $51,265 | — | $11,978 | — |
| 2024 | $92,717 | $47,526 | -$2 | $11,895 | — |
| 2023 | $81,316 | $48,982 | — | — | — |
| 2022 | $1,413,331 | — | — | — | — |