Plan Snapshot
- Plan Sponsor: S & W Payroll Services, LLC
- Sponsor EIN: 421592649
- Sponsor Address: 1155 HIGHWAY 190 EAST SERVICE RD, COVINGTON, LA, 70433
- Plan Type: 401(k)
- Total Participants: 330
- Total Assets: $15.8M
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 | 330 | $15.8M | $787,175 | $1.5M |
| 2023 | 231 | $12.4M | $608,576 | $1.2M |
| 2022 | 290 | $9.3M | $522,395 | $977,079 |
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 |
|---|---|---|---|---|
| CARR, RIGGS & INGRAM, LLC | 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 | $76,423 | — | — | — | — |
| 2023 | $57,947 | — | — | — | — |
| 2022 | $50,221 | — | — | — | $50,221 |