Plan Snapshot
- Plan Sponsor: Sib Midco, LLC
- Sponsor EIN: 932716523
- Sponsor Address: 796 MEETING STREET, CHARLESTON, SC, 29403
- Plan Type: 401(k)
- Total Participants: 233
- Total Assets: $14.1M
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 | 233 | $14.1M | $867,330 | $1.9M |
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 |
|---|---|---|---|---|
| FAIRCOURT PARTNERS LLC | Investment Advisor | $54,216 | — | $54,216 |
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $26,781 | — | $26,781 |
| RAYMOND JAMES AND ASSOCIATES INC | Investment Advisor | $12,739 | — | $12,739 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
- RAYMOND JAMES AND ASSOCIATES INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,736
- Estimated Expense Ratio: 0.664% 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 | $97,935 | $66,955 | $2,711 | — | — |