Plan Snapshot
- Plan Sponsor: Southcoast Welding & Manufacturing LLC
- Sponsor EIN: 454660667
- Sponsor Address: 2591 FAIVRE ST #1, CHULA VISTA, CA, 919117146
- Plan Type: DC
- Total Participants: 407
- Total Assets: $3.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 407 | $3.8M | $0 | $650,733 |
| 2023 | 375 | $3.6M | $0 | $678,237 |
| 2022 | 397 | $3.0M | $0 | $743,546 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $26,030 | — | $26,030 |
| COVELL, JANI & PASCH LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,030
- Estimated Expense Ratio: 0.678% 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 | $26,791 | — | $26,791 | — | — |
| 2023 | $6,898 | — | — | — | — |
| 2022 | $6,052 | — | — | — | — |