# Skills Development Services, INC. 401(k) Plan
Source: https://planprovider.pro/companies/skills-development-services-inc-401k-plan

> Skills Development Services, INC.'s 401(k) plan: 141 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/arthur-j-gallagher-and-co) — 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|—|—|

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