Plan Snapshot
- Plan Sponsor: Ocean Lakes Service Corporation
- Sponsor EIN: 570527712
- Sponsor Address: 6001 SOUTH KINGS HIGHWAY, MYRTLE BEACH, SC, 29575
- Plan Type: 401(k)
- Total Participants: 170
- Total Assets: $17.4M
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 | 170 | $17.4M | $256,952 | $714,860 |
| 2023 | 158 | $14.9M | $201,809 | $647,663 |
| 2022 | 147 | $13.2M | $193,606 | $592,746 |
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 |
|---|---|---|---|---|
| ELLIOTT DAVIS LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOTT DAVIS LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $64,354 | $37,936 | — | — | — |
| 2023 | $56,421 | $33,975 | — | — | — |
| 2022 | $55,333 | — | — | — | — |