Plan Snapshot
- Plan Sponsor: Metal Trades, INC.
- Sponsor EIN: 570425362
- Sponsor Address: 4194 HIGHWAY 165, YONGES ISLAND, SC, 29449
- Plan Type: 401(k)
- Total Participants: 100
- Total Assets: $6.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 100 | $6.0M | $249,776 | $413,027 |
| 2023 | 116 | $6.3M | $245,132 | $361,200 |
| 2022 | 94 | $5.4M | $217,451 | $355,418 |
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 |
|---|---|---|---|---|
| SOUTH STATE RPS | NONE | $33,746 | — | $33,746 |
| DRAFFIN & TUCKER LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DRAFFIN & TUCKER LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,746
- Estimated Expense Ratio: 0.567% 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 | $33,746 | — | — | — | — |
| 2023 | $33,463 | — | — | — | — |
| 2022 | $34,383 | — | — | — | — |