Plan Snapshot
- Plan Sponsor: Specialty Washer Co. Of Sc, INC.
- Sponsor EIN: 112731688
- Sponsor Address: 7433 MAIN HIGHWAY, BAMBERG, SC, 290038280
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $13.0M
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 | 109 | $13.0M | $325,601 | $525,434 |
| 2023 | 115 | $13.3M | $323,110 | $499,711 |
| 2022 | 105 | $12.7M | $305,935 | $462,952 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $25,427 | $5,637 | $31,064 |
| THE HOBBS GROUP PA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE HOBBS GROUP PA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,064
- Estimated Expense Ratio: 0.239% 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 | $28,707 | $25,428 | — | — | — |
| 2023 | $20,539 | $18,636 | — | — | — |
| 2022 | $23,829 | — | — | — | — |