Plan Snapshot
- Plan Sponsor: Sbm Offshore Usa, INC.
- Sponsor EIN: 954278218
- Sponsor Address: 585 N DAIRY ASHFORD RD, HOUSTON, TX, 77079
- Plan Type: 401(k)
- Total Participants: 29
- Total Assets: $88.0M
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. |
|---|---|---|---|---|
| 2024 | 29 | $88.0M | $235,206 | $453,314 |
| 2023 | 32 | $90.7M | $182,923 | $454,227 |
| 2022 | 34 | $84.7M | $231,082 | $453,834 |
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 |
|---|---|---|---|---|
| WEINSTEIN SPIRA &COMPANY ,P.C. | 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 | $74,790 | — | — | — | — |
| 2023 | $75,822 | — | — | — | — |
| 2022 | $77,110 | — | — | — | — |