Plan Snapshot
- Plan Sponsor: South Atlantic, LLC
- Sponsor EIN: 561996898
- Sponsor Address: 1907 SOUTH 17TH STREET STE 2A, WILMINGTON, NC, 284016680
- Plan Type: 401(k)
- Total Participants: 326
- Total Assets: $24.8M
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 | 326 | $24.8M | $1.0M | $1.9M |
| 2023 | 297 | $21.5M | $981,075 | $1.8M |
| 2022 | 273 | $18.1M | $843,065 | $1.5M |
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 |
|---|---|---|---|---|
| PBMARES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PBMARES, 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 | $59,724 | $22,139 | $26,590 | — | — |
| 2023 | $53,883 | $29,645 | $24,238 | — | — |
| 2022 | $60,797 | $20,733 | $21,970 | — | $18,094 |