Plan Snapshot
- Plan Sponsor: Schull Construction Company
- Sponsor EIN: 460213257
- Sponsor Address: P.O. BOX 750, SIOUX FALLS, SD, 57104
- Plan Type: 401(k)
- Total Participants: 143
- Total Assets: $13.5M
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 | 143 | $13.5M | $324,018 | $478,303 |
| 2023 | 197 | $15.7M | $999,958 | $447,249 |
| 2022 | 137 | $18.3M | $1.1M | $528,305 |
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 |
|---|---|---|---|---|
| BENEFIT PLANS ADMIN SERVICES, INC. | Recordkeeper | $55,311 | — | $55,311 |
| SCHWAN FINANCIAL ADVISORS, LLC | Other Service Provider | $20,691 | — | $20,691 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENEFIT PLANS ADMIN SERVICES, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,002
- Estimated Expense Ratio: 0.563% 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 | $76,002 | $20,691 | $55,311 | — | — |
| 2023 | $78,406 | $39,076 | $39,330 | — | — |
| 2022 | $88,354 | $46,633 | $41,721 | — | — |