Plan Snapshot
- Plan Sponsor: State Utility Contractors, INC.
- Sponsor EIN: 561444827
- Sponsor Address: P. O. BOX 5019, MONROE, NC, 281115019
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $13.9M
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 | 166 | $13.9M | $637,666 | $837,941 |
| 2023 | 152 | $15.2M | $275,373 | $713,593 |
| 2022 | 140 | $13.0M | $200,499 | $542,001 |
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 |
|---|---|---|---|---|
| DMJPS PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $65,395 | $35,430 | $25,965 | — | — |
| 2023 | $81,233 | $41,137 | $27,536 | — | — |
| 2022 | $70,670 | $38,615 | $28,855 | — | — |