# State Collection Service, INC. 401(k) Plan
Source: https://planprovider.pro/companies/state-collection-service-inc-401k-plan

> State Collection Service, INC.&#39;s 401(k) plan: 517 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** State Collection Service, INC.

- **Sponsor EIN:** 390788995

- **Sponsor Address:** 2509 SOUTH STOUGHTON ROAD, MADISON, WI, 53716

- **Plan Type:** 401(k)

- **Total Participants:** 517

- **Total Assets:** $21.4M

## 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|517|$21.4M|$942,293|$911,207|

| 2023|628|$19.1M|$908,027|$917,617|

| 2022|608|$17.2M|$837,732|$870,341|

## 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|

| TRUST POINT INC.|NONE|$95,861|—|$95,861|

| HAWKINS ASH CPAS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [HAWKINS ASH CPAS, LLP](https://planprovider.pro/provider/hawkins-ash-cpas-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $95,861

- **Estimated Expense Ratio:** 0.449% 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|$95,861|$95,861|—|—|—|

| 2023|$86,678|$86,678|—|—|—|

| 2022|$76,582|—|—|—|$76,582|

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