Plan Snapshot
- Plan Sponsor: Southern Heat Exchanger Corporation
- Sponsor EIN: 630455815
- Sponsor Address: 6100 OLD MONTGOMERY HIGHWAY, TUSCALOOSA, AL, 35403
- Plan Type: 401(k)
- Total Participants: 114
- Total Assets: $10.5M
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 | 114 | $10.5M | $354,784 | $655,201 |
| 2023 | 120 | $8.5M | $277,942 | $537,645 |
| 2022 | 91 | $6.8M | $252,749 | $464,460 |
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 |
|---|---|---|---|---|
| THE HIGHLAND ACCOUNTING GROUP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $55,991 | $33,833 | $5,710 | — | — |
| 2023 | $46,908 | $29,284 | $4,599 | — | — |
| 2022 | $53,671 | $35,644 | $18,027 | — | — |