Plan Snapshot
- Plan Sponsor: Seaco National Corp.
- Sponsor EIN: 581478160
- Sponsor Address: 7775 THE BLUFFS, AUSTELL, GA, 30168
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 114
- Total Assets: $50.5M
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 | 114 | $50.5M | $512,437 | $0 |
| 2023 | 101 | $42.2M | $1.1M | $0 |
| 2022 | 92 | $35.9M | $674,236 | $0 |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | $28,626 | — | $28,626 |
| HDH ADVISORS | Investment Advisor | $16,000 | — | $16,000 |
| TRANSITION FINANCE STRATEGIES, LLC | Recordkeeper | $14,707 | — | $14,707 |
| SMITH LYNCH LLC | ERISA Attorney | $9,030 | — | $9,030 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,363
- Estimated Expense Ratio: 0.135% 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 | $77,553 | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |