Plan Snapshot
- Plan Sponsor: Orbis Sibro, INC.
- Sponsor EIN: 571109339
- Sponsor Address: 238 ALBEMARLE RD, CHARLESTON, SC, 29407
- Plan Type: 401(k)
- Total Participants: 473
- Total Assets: $31.8M
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. |
|---|---|---|---|---|
| 2024 | 473 | $31.8M | $1.4M | $3.3M |
| 2023 | 442 | $25.0M | $1.2M | $2.8M |
| 2022 | 319 | $16.9M | $960,782 | $2.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $63,811 | — | $63,811 |
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $49,650 | $24 | $49,674 |
| JONES, POUNDER & ASSOCIATES, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $113,485
- Estimated Expense Ratio: 0.357% 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 | $113,461 | $22,066 | $63,812 | — | — |
| 2023 | $90,256 | $18,803 | $44,336 | — | — |
| 2022 | $75,557 | $15,850 | $35,932 | — | $23,775 |