Plan Snapshot
- Plan Sponsor: Savannah College Of Art And Design
- Sponsor EIN: 581357177
- Sponsor Address: 15 DRAYTON STREET, SAVANNAH, GA, 31401
- Plan Type: 401(k)
- Total Participants: 1,941
- Total Assets: $222.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,941 | $222.1M | $6.3M | $9.6M |
| 2023 | 1,630 | $194.2M | $5.0M | $8.5M |
| 2022 | 1,890 | $162.8M | $4.9M | $7.7M |
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 |
|---|---|---|---|---|
| CAP FINANCIAL PARTNERS, LLC | INVESTMENT ADVISORS | $189,374 | — | $189,374 |
| TIAA | RECORDKEEPER | $34,990 | — | $34,990 |
| HANCOCK ASKEW & CO., LLP | AUDITOR | $19,500 | — | $19,500 |
| BAKER TILLY, US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — RECORDKEEPER
- BAKER TILLY, US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $243,864
- Estimated Expense Ratio: 0.110% 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 | $238,464 | — | $238,464 | — | — |
| 2023 | $123,019 | — | $123,019 | — | — |
| 2022 | $169,051 | — | $169,051 | — | — |