Plan Snapshot
- Plan Sponsor: Sc Automobile Dealers Association Employee Benefit Trust
- Sponsor EIN: 576089650
- Sponsor Address: 526 HAMPTON STREET, COLUMBIA, SC, 29201
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,336
- Total Assets: $206,959
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,336 | $206,959 | $14.6M | $64,413 |
| 2023 | 1,545 | $36,239 | $15.6M | $55,138 |
| 2022 | 1,531 | $277,807 | $13.9M | $55,065 |
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 |
|---|---|---|---|---|
| MCGREGOR AND COMPANY, LLP | Auditor | $12,500 | — | $12,500 |
| FIRST CITIZENS BANK | Other Service Provider | $5,966 | — | $5,966 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCGREGOR AND COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,466
- Estimated Expense Ratio: 8.923% 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 | $18,466 | — | — | $12,500 | — |
| 2023 | $18,535 | — | — | $12,500 | — |
| 2022 | $18,375 | — | — | — | $12,500 |