Plan Snapshot
- Plan Sponsor: Specialty Construction, INC.
- Sponsor EIN: 770443569
- Sponsor Address: 645 CLARION COURT, SAN LUIS OBISPO, CA, 93401
- Plan Type: 401(k)
- Total Participants: 117
- Total Assets: $25.5M
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 | 117 | $25.5M | $1.5M | $1.0M |
| 2023 | 111 | $23.5M | $1.4M | $909,682 |
| 2022 | 120 | $19.8M | $1.4M | $835,693 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $78,383 | — | $78,383 |
| COMMONWEALTH EQUITY SERVICES | ADVISOR | $51,717 | — | $51,717 |
| NEXUS ADMINISTRATORS, INC. | Other Service Provider | $3,175 | $10,000 | $13,175 |
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,275
- Estimated Expense Ratio: 0.562% 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 | $73,679 | $1,550 | $72,129 | — | — |
| 2023 | $65,468 | $45,191 | $4,425 | — | — |
| 2022 | $23,395 | $19,820 | $3,575 | — | — |