Plan Snapshot
- Plan Sponsor: Saad Enterprises, INC.
- Sponsor EIN: 630904463
- Sponsor Address: 1515 SOUTH UNIVERSITY BLVD., MOBILE, AL, 36609
- Plan Type: 401(k)
- Total Participants: 481
- Total Assets: $14.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 481 | $14.8M | $490,774 | $1.0M |
| 2023 | 431 | $12.6M | $439,599 | $902,779 |
| 2022 | 367 | $11.6M | $437,095 | $908,389 |
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 |
|---|---|---|---|---|
| LEAVELL INVESTMENT MANAGEMENT, INC | Investment Advisor | $43,097 | — | $43,097 |
| ADP, INC. | Recordkeeper | $28,673 | — | $28,673 |
| LEAVELL INVESTEMENT MGMT | Other Service Provider | $15,844 | — | $15,844 |
| ASCENSUS LLC | Other Service Provider | $5,043 | — | $5,043 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,657
- Estimated Expense Ratio: 0.627% 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 | $135,754 | $58,941 | $33,717 | — | — |
| 2023 | $86,913 | $51,952 | — | — | — |
| 2022 | $93,005 | — | — | — | — |