# Southcoast Welding & Manufacturing LLC DC Plan
Source: https://planprovider.pro/companies/southcoast-welding-manufacturi-plan

> Southcoast Welding & Manufacturing LLC's DC plan: 407 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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