Plan Snapshot
- Plan Sponsor: Strand Development Company LLC
- Sponsor EIN: 582319320
- Sponsor Address: 1101 JOHNSON AVENUE, MYRTLE BEACH, SC, 29577
- Plan Type: 401(k)
- Total Participants: 772
- Total Assets: $3.9M
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 | 772 | $3.9M | $208,192 | $415,560 |
| 2023 | 360 | $3.0M | $180,605 | $344,055 |
| 2022 | 342 | $2.5M | $179,876 | $334,081 |
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 |
|---|---|---|---|---|
| SMITH SAPP BOOKHOUT ET AL | 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 | $19,879 | $1,221 | — | — | — |
| 2023 | $17,583 | $1,236 | — | — | — |
| 2022 | $16,291 | $1,251 | — | — | — |