Plan Snapshot
- Plan Sponsor: South Atlantic Services, INC.
- Sponsor EIN: 560956028
- Sponsor Address: P O BOX 1886, WILMINGTON, NC, 28402
- Plan Type: 401(k)
- Total Participants: 283
- Total Assets: $17.8M
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 | 283 | $17.8M | $578,515 | $1.1M |
| 2023 | 289 | $15.1M | $533,948 | $993,127 |
| 2022 | 280 | $13.0M | $487,493 | $953,900 |
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 |
|---|---|---|---|---|
| THOMAS, JUDY & TUCKER, PA | 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 | $58,472 | $25,750 | — | — | — |
| 2023 | $49,392 | $25,000 | — | — | — |
| 2022 | $49,823 | — | $49,823 | — | — |