Plan Snapshot
- Plan Sponsor: Serving Children And Adults In Need, INC.
- Sponsor EIN: 742245935
- Sponsor Address: 1605 SALDANA AVENUE, LAREDO, TX, 78041
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $6.0M
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 | 166 | $6.0M | $330,951 | $280,337 |
| 2023 | 149 | $4.8M | $304,016 | $236,132 |
| 2022 | 134 | $3.8M | $247,601 | $175,910 |
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 |
|---|---|---|---|---|
| PEGGY S. EDGE ,CPA, LLC | 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 | $64,017 | $26,257 | $37,760 | — | — |
| 2023 | $54,398 | — | $24,957 | — | — |
| 2022 | $55,566 | $19,589 | $35,977 | — | — |