Plan Snapshot
- Plan Sponsor: Scott Group Custom Carpets, LLC
- Sponsor EIN: 464230249
- Sponsor Address: 3232 KRAFT AVENUE SE, GRAND RAPIDS, MI, 49512
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 257
- Total Assets: $15.6M
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. |
|---|---|---|---|---|
| 2025 | 257 | $15.6M | $0 | $0 |
| 2024 | 223 | $15.6M | $214,229 | $1.2M |
| 2023 | 229 | $15.2M | $219,796 | $1.2M |
| 2022 | 197 | $12.6M | $189,226 | $1.0M |
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 |
|---|---|---|---|---|
| SENTINEL BENEFITS GROUP, LLC | Recordkeeper | $46,091 | — | $46,091 |
| CAPTRUST | Investment Advisor | $27,433 | — | $27,433 |
| FIDELITY PERSONAL TRUST COMPANY | Custodian / Trustee | $5,098 | — | $5,098 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,622
- Estimated Expense Ratio: 0.504% 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 |
|---|---|---|---|---|---|
| 2025 | $3,568,510 | $27,433 | — | — | — |
| 2024 | $75,620 | $26,895 | — | — | — |
| 2023 | $66,764 | $26,368 | — | — | — |
| 2022 | $65,636 | $25,851 | — | — | $39,785 |