Plan Snapshot
- Plan Sponsor: Seemann Composites, LLC
- Sponsor EIN: 720682126
- Sponsor Address: PO BOX 3449, GULFPORT, MS, 39505
- Plan Type: 401(k)
- Total Participants: 219
- Total Assets: $21.5M
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 | 219 | $21.5M | $795,275 | $1.1M |
| 2023 | 203 | $17.9M | $669,736 | $891,805 |
| 2022 | 155 | $14.3M | $587,384 | $774,285 |
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 |
|---|---|---|---|---|
| T.E. LOTT & COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $31,405 | — | — | — | — |
| 2023 | $24,305 | — | $24,305 | — | — |
| 2022 | $1,650 | — | $1,650 | — | — |