Plan Snapshot
- Plan Sponsor: Palmetto Goodwill Services
- Sponsor EIN: 570632511
- Sponsor Address: 2150 EAGLE DR BLDG 100, NORTH CHARLESTON, SC, 29046
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 452
- Total Assets: $1.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 452 | $1.2M | $4.7M | $718,509 |
| 2023 | 452 | $785,342 | $3.6M | $709,486 |
| 2022 | 450 | $933,807 | $3.4M | $550,807 |
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 |
|---|---|---|---|---|
| GSA NATIONAL PLAN ADMINISTRATORS | Other Service Provider | $55,772 | — | $55,772 |
| ELLIOTT DAVIS ADVISORY, LLC | Other Service Provider | $19,500 | — | $19,500 |
| WENDELL R. GRAHAM | Other Service Provider | $14,789 | — | $14,789 |
| ISOLVED | Other Service Provider | $8,144 | — | $8,144 |
| BANK OF AMERICA | Other Service Provider | $7,970 | — | $7,970 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,175
- Estimated Expense Ratio: 9.111% 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 | $129,485 | — | — | — | — |
| 2023 | $161,042 | — | — | — | — |
| 2022 | $133,675 | — | $85,814 | — | $22,770 |