Plan Snapshot
- Plan Sponsor: Skills INC.
- Sponsor EIN: 910816065
- Sponsor Address: 715 30TH STREET NE, AUBURN, WA, 98002
- Plan Type: 401(k)
- Total Participants: 215
- Total Assets: $12.7M
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 | 215 | $12.7M | $367,549 | $852,320 |
| 2023 | 287 | $11.1M | -$248,473 | $869,330 |
| 2022 | 275 | $9.4M | $260,831 | $816,267 |
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 |
|---|---|---|---|---|
| VWC P.S. | Auditor | — | — | $0 |
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 | $87,798 | $28,784 | — | — | — |
| 2023 | $78,374 | $27,358 | — | — | — |
| 2022 | $85,469 | $1,469 | — | — | — |