Plan Snapshot
- Plan Sponsor: Redsail Technologies, LLC
- Sponsor EIN: 830946290
- Sponsor Address: 201 W. ST. JOHN STREET, SPARTANBURG, SC, 29306
- Plan Type: 401(k)
- Total Participants: 821
- Total Assets: $136.7M
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 | 821 | $136.7M | $3.1M | $5.3M |
| 2023 | 670 | $117.1M | $2.6M | $4.3M |
| 2022 | 656 | $96.3M | $2.6M | $4.1M |
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 |
|---|---|---|---|---|
| GALLAGHER FIDUCIARY ADVISORS, LLC | INVESTMENT ADVISOR | $52,500 | — | $52,500 |
| AMERIPRISE FINANCIAL | INVESTMENT ADVISOR | $40,800 | — | $40,800 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $17,824 | — | $17,824 |
| ELLIOTT DAVIS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER FIDUCIARY ADVISORS, LLC — INVESTMENT ADVISOR
- AMERIPRISE FINANCIAL — INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- ELLIOTT DAVIS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $111,124
- Estimated Expense Ratio: 0.081% 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 | $111,124 | $93,300 | — | — | — |
| 2023 | $51,616 | $164,000 | — | $19,500 | — |
| 2022 | $153,725 | — | — | — | — |