Plan Snapshot
- Plan Sponsor: Palmetto Corp Of Conway
- Sponsor EIN: 570851898
- Sponsor Address: P.O. BOX 346, CONWAY, SC, 29528
- Plan Type: 401(k)
- Total Participants: 779
- Total Assets: $11.0M
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 | 779 | $11.0M | $560,757 | $1.0M |
| 2023 | 651 | $9.1M | $454,332 | $842,463 |
| 2022 | 573 | $6.8M | $419,348 | $783,837 |
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 |
|---|---|---|---|---|
| SHARPE PATEL PLLC | Auditor | — | — | $0 |
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 | $116,042 | — | $116,042 | — | — |
| 2023 | $88,096 | — | $88,096 | — | — |
| 2022 | $70,873 | — | — | — | $70,873 |