# South Carolina Manufacturers Alliance Group Insurance Trust Health & Welfare Plan
Source: https://planprovider.pro/companies/south-carolina-manufacturers-alliance-group-insurance-trust-846406275-501

> South Carolina Manufacturers Alliance Group Insurance Trust's Health & Welfare plan: 632 participants, plan year 2024 financials, providers, and benchmarks f…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** South Carolina Manufacturers Alliance Group Insurance Trust

- **Sponsor EIN:** 846406275

- **Sponsor Address:** 1340 BULL STREET, COLUMBIA, SC, 29201

- **Plan Type:** Health & Welfare

- **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](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/south-carolina-manufacturers-alliance-group-insurance-trust-846406275-501)

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