# Silac Insurance Company 401(k) Plan
Source: https://planprovider.pro/companies/silac-insurance-company-plan-001

> Silac Insurance Company&#39;s 401(k) plan: 291 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/eide-bailly-llp) — 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|—|—|—|—|

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