Plan Snapshot
- Plan Sponsor: South University Savannah, LLC
- Sponsor EIN: 821659323
- Sponsor Address: 709 MALL BLVD, SAVANNAH, GA, 31406
- Plan Type: 401(k)
- Total Participants: 2,330
- Total Assets: $31.7M
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 | 2,330 | $31.7M | $1.0M | $3.7M |
| 2023 | 2,405 | $25.9M | $885,303 | $3.2M |
| 2022 | 2,261 | $20.2M | $774,349 | $3.0M |
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 |
|---|---|---|---|---|
| SENTINEL BENEFITS GROUP, LLC | RECORDKEEPER | $121,776 | — | $121,776 |
| THE FIDUCIARY GROUP | INVESTMENT ADVISOR | $53,809 | — | $53,809 |
| FIDELITY INVESTMENTS | CUSTODIAN AND TRUSTEE | $10,910 | — | $10,910 |
| SYMPHONA LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL BENEFITS GROUP, LLC — RECORDKEEPER
- FIDELITY INVESTMENTS — CUSTODIAN AND TRUSTEE
- SYMPHONA LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $186,495
- Estimated Expense Ratio: 0.588% 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 | $186,494 | $53,808 | — | — | — |
| 2023 | $140,888 | $43,927 | — | — | — |
| 2022 | $128,390 | $44,216 | — | — | $84,174 |