Plan Snapshot
- Plan Sponsor: Soc LLC
- Sponsor EIN: 562277691
- Sponsor Address: 8261 RIVERS AVENUE, CHARLESTON, SC, 29406
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $8.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 145 | $8.5M | $158,691 | $651,229 |
| 2023 | 155 | $7.4M | $164,751 | $705,129 |
| 2022 | 143 | $5.9M | $166,023 | $693,168 |
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 |
|---|---|---|---|---|
| NATIONWIDE | INVESTMENT ADVISORY / RECORDKEEPER | $40,337 | — | $40,337 |
| TRUIST INVESTMENT SRVCS | BROKER | $16,134 | — | $16,134 |
| TRINITY PENSION GROUP, LLC | THIRD PARTY ADMIN | $3,218 | $5,878 | $9,096 |
| DCPAS, LLC DBA DAVIS & COMPANY CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — INVESTMENT ADVISORY / RECORDKEEPER
- DCPAS, LLC DBA DAVIS & COMPANY CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,567
- Estimated Expense Ratio: 0.776% 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 | $61,533 | $16,134 | $4,034 | — | — |
| 2023 | $82,821 | $25,265 | $46,228 | — | — |
| 2022 | $56,173 | — | $56,173 | — | — |