Plan Snapshot
- Plan Sponsor: Silac Insurance Company
- Sponsor EIN: 870129771
- Sponsor Address: 299 SOUTH MAIN STREET, SUITE 1100, SALT LAKE CITY, UT, 84111
- Plan Type: 401(k)
- Total Participants: 291
- Total Assets: $25.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 291 | $25.4M | $880,218 | $1.9M |
| 2023 | 275 | $21.1M | $830,531 | $1.6M |
| 2022 | 261 | $16.7M | $682,217 | $1.3M |
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 |
|---|---|---|---|---|
| EIDE BAILLY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY — Auditor
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 | $57,477 | $47,359 | — | — | — |
| 2023 | $47,755 | $39,582 | — | — | — |
| 2022 | $44,688 | — | — | — | — |