Plan Snapshot
- Plan Sponsor: Sportsman Boats Manufacturing, INC.
- Sponsor EIN: 800754630
- Sponsor Address: 113 SPORTSMAN WAY, SUMMERVILLE, SC, 29483
- Plan Type: 401(k)
- Total Participants: 415
- Total Assets: $7.2M
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 | 415 | $7.2M | $629,322 | $1.4M |
| 2023 | 342 | $6.0M | $506,863 | $1.2M |
| 2022 | 295 | $4.0M | $446,465 | $991,454 |
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 | $45,711 | — | $45,711 |
| WELLS FARGO ADVISORS LLC | INVESTMENT ADVISOR | $20,479 | — | $20,479 |
| QUALIFED PLAN ADMINISTRATORS INC. | CONTRACT ADMIN | $13,680 | $6,585 | $20,265 |
| DCPAS, LLC DBA DAVIS & COMPANY CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DCPAS, LLC DBA DAVIS & COMPANY CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $86,455
- Estimated Expense Ratio: 1.198% 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 | $83,556 | — | $83,556 | — | — |
| 2023 | $54,224 | — | $54,224 | — | — |
| 2022 | $64,520 | — | $64,520 | — | — |