Plan Snapshot
- Plan Sponsor: Peoples Financial Group, INC.
- Sponsor EIN: 562158141
- Sponsor Address: 801 EAST FRONT STREET, IVA, SC, 29655
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 120
- Total Assets: $21.0M
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. |
|---|---|---|---|---|
| 2025 | 120 | $21.0M | $0 | $0 |
| 2024 | 72 | $18.5M | $213,665 | $296,834 |
| 2023 | 75 | $17.3M | $209,246 | $297,607 |
| 2022 | 78 | $15.6M | $185,000 | $252,427 |
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 |
|---|---|---|---|---|
| FCG INVESTMENT COMPANY | Investment Advisor | $28,809 | — | $28,809 |
| CAPITAL GROUP RETIREMENT PLAN SVC. | Recordkeeper | $6,526 | — | $6,526 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,335
- Estimated Expense Ratio: 0.168% 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 |
|---|---|---|---|---|---|
| 2025 | $735,311 | — | — | — | — |
| 2024 | $1,633,499 | — | — | — | — |
| 2023 | $1,127,345 | — | — | — | — |
| 2022 | $533,118 | — | — | — | — |