# Orbis Sibro, INC. 401(k) Plan
Source: https://planprovider.pro/companies/orbis-sibro-inc-401k-plan

> Orbis Sibro, INC.'s 401(k) plan: 473 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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