# Seabrook Island Club 401(k) Plan
Source: https://planprovider.pro/companies/seabrook-island-club-401k-plan

> Seabrook Island Club's 401(k) plan: 206 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Seabrook Island Club

- **Sponsor EIN:** 570932575

- **Sponsor Address:** 3772 SEABROOK ISLAND ROAD, JOHNS ISLAND, SC, 294556024

- **Plan Type:** 401(k)

- **Total Participants:** 206

- **Total Assets:** $5.7M

## 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|206|$5.7M|$242,838|$430,513|

| 2023|167|$4.9M|$280,342|$390,553|

| 2022|146|$3.8M|$75,088|$269,192|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$41,876|—|$41,876|

| OSAIC WEALTH, INC.|OTHER SERVICES|—|$17,013|$17,013|

| DAVIS & COMPANY, CPA|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [OSAIC WEALTH, INC.](https://planprovider.pro/provider/royal-alliance-associates-inc) — OTHER SERVICES

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $58,889

- **Estimated Expense Ratio:** 1.034% 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|$41,877|—|$41,877|—|—|

| 2023|$33,001|—|$33,001|—|—|

| 2022|$32,749|—|$32,749|—|—|

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