Plan Snapshot
- Plan Sponsor: Mcclam And Associates, INC.
- Sponsor EIN: 570672748
- Sponsor Address: 1642 HOLY TRINITY CHURCH RD, LITTLE MOUNTAIN, SC, 29075
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 78
- Total Assets: $2,261
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 | 78 | $2,261 | $840,343 | $0 |
| 2023 | 70 | $66,628 | $409,613 | $235,209 |
| 2022 | 72 | $27,595 | $477,871 | $0 |
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 |
|---|---|---|---|---|
| PLANNED ADMINISTRATORS, INC | Other Service Provider | $41,440 | — | $41,440 |
| PROPEL (ALERA SC) | Investment Advisor | $28,650 | — | $28,650 |
| THE BENECON GROUP | Investment Advisor | $16,069 | — | $16,069 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $86,159
- Estimated Expense Ratio: 3810.659% 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 | $845,851 | — | — | — | — |
| 2023 | $673,451 | — | — | — | — |
| 2022 | $561,146 | — | — | — | — |