Plan Snapshot
- Plan Sponsor: Southland Insulators Of Maryland
- Sponsor EIN: 521620251
- Sponsor Address: 7501 RESOURCE COURT, BALTIMORE, MD, 21226
- Plan Type: 401(k)
- Total Participants: 377
- Total Assets: $12.2M
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 | 377 | $12.2M | $457,298 | $858,123 |
| 2023 | 386 | $10.7M | $435,209 | $809,074 |
| 2022 | 465 | $9.6M | $402,229 | $715,157 |
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 |
|---|---|---|---|---|
| CREST WEALTH ADVISORS LLC | INVESTMENT ADVISORY | $27,284 | $13 | $27,297 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $19,613 | — | $19,613 |
| HEIMLANTZ CPAS AND ADVISORS, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,910
- Estimated Expense Ratio: 0.384% 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 | $47,042 | $27,284 | $19,613 | — | — |
| 2023 | $42,001 | $24,248 | $17,753 | — | — |
| 2022 | $37,847 | $22,049 | $15,798 | — | — |