Plan Snapshot
- Plan Sponsor: Southern Erectors, INC.
- Sponsor EIN: 591490411
- Sponsor Address: 6540 WEST NINE MILE RD, PENSACOLA, FL, 32526
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $15.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 119 | $15.8M | $170,341 | $577,054 |
| 2023 | 113 | $16.7M | $456,928 | $526,344 |
| 2022 | 95 | $14.7M | $463,641 | $498,471 |
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 |
|---|---|---|---|---|
| SALTMARSH CPAS, INC. | Auditor | $30,500 | — | $30,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,500
- Estimated Expense Ratio: 0.193% 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 | $46,454 | — | $12,300 | $30,500 | — |
| 2023 | $11,390 | — | $5,850 | — | — |
| 2022 | $17,831 | — | $4,731 | — | $13,100 |