# Shm7 Management Groups Insurance Trust 401(k) Plan
Source: https://planprovider.pro/companies/shm7-management-groups-insurance-trust-472543552-501

> Shm7 Management Groups Insurance Trust's 401(k) plan: 270 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Shm7 Management Groups Insurance Trust

- **Sponsor EIN:** 472543552

- **Sponsor Address:** 145 NORTH HIGHLAND DR, MANY, LA, 71449

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

- **Plan Number:** 501

- **Total Participants:** 270

- **Total Assets:** $614,367

## 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|270|$614,367|$2.1M|$1.2M|

| 2023|222|$360,579|$1.8M|$977,695|

| 2022|174|$457,037|$1.2M|$678,855|

## 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|

| MERITAIN HEALTH|Other Service Provider|$187,396|—|$187,396|

| MANAGEMENT SEVEN, LLC|Other Service Provider|$16,000|—|$16,000|

| ERICKSEN KRENTEL, LLP|Other Service Provider|$9,500|—|$9,500|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $212,896

- **Estimated Expense Ratio:** 34.653% 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|$217,878|—|$187,396|$9,500|—|

| 2023|$215,178|—|—|$8,650|—|

| 2022|$170,490|—|—|—|$17,100|

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