Plan Snapshot
- Plan Sponsor: Skills Development Services, INC.
- Sponsor EIN: 620673796
- Sponsor Address: 704 S WASHINGTON ST, TULLAHOMA, TN, 373884535
- Plan Type: 401(k)
- Total Participants: 141
- Total Assets: $2.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 141 | $2.4M | $202,807 | $256,964 |
| 2023 | 135 | $2.7M | $177,125 | $233,271 |
| 2022 | 143 | $2.1M | $170,208 | $236,298 |
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 |
|---|---|---|---|---|
| GALLAGHER FIDUCIARY ADVISORS, LLC | INVESTMENT ADVISORY | — | $6,235 | $6,235 |
| LINDA BEAN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER FIDUCIARY ADVISORS, LLC — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,235
- Estimated Expense Ratio: 0.258% 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 | $4,086 | — | $4,086 | — | — |
| 2023 | $3,457 | — | $3,457 | — | — |
| 2022 | $4,051 | — | $4,051 | — | — |