Plan Snapshot
- Plan Sponsor: Sfcs INC.
- Sponsor EIN: 541443630
- Sponsor Address: 305 SOUTH JEFFERSON STREET, ROANOKE, VA, 24011
- Plan Type: 401(k)
- Total Participants: 106
- Total Assets: $25.0M
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 | 106 | $25.0M | $349,180 | $910,097 |
| 2023 | 108 | $20.2M | $392,035 | $774,226 |
| 2022 | 104 | $17.7M | $338,785 | $770,068 |
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 |
|---|---|---|---|---|
| FOTI, FLYNN, LOWEN & CO. | Auditor | $12,000 | — | $12,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,000
- Estimated Expense Ratio: 0.048% 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 | $10,873 | $66 | — | $12,000 | — |
| 2023 | $101 | $1 | — | — | — |
| 2022 | $125 | — | — | — | — |