Plan Snapshot
- Plan Sponsor: South Carolina Manufacturers Alliance Group Insurance Trust
- Sponsor EIN: 846406275
- Sponsor Address: 1340 BULL STREET, COLUMBIA, SC, 29201
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 632
- Total Assets: $561,999
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 632 | $561,999 | $7.4M | $7,762 |
| 2023 | 506 | $384,489 | $5.1M | $590 |
| 2022 | 366 | $216,662 | $4.5M | $4,188 |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | $28,354 | — | $28,354 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,354
- Estimated Expense Ratio: 5.045% 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 | $35,180 | — | — | $28,354 | — |
| 2023 | $25,332 | — | — | $20,155 | — |
| 2022 | $18,233 | — | — | — | $13,080 |