Plan Snapshot
- Plan Sponsor: Sullivan'S Administrative Managers, LLC
- Sponsor EIN: 582519444
- Sponsor Address: 37 W. FAIRMONT AVE., BUILDING 100, SAVANNAH, GA, 31406
- Plan Type: 401(k)
- Total Participants: 534
- Total Assets: $9.6M
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 | 534 | $9.6M | $252,507 | $794,985 |
| 2023 | 383 | $8.3M | $180,509 | $582,559 |
| 2022 | 287 | $5.6M | $142,933 | $595,760 |
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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | RECORDKEEPER | $83,816 | — | $83,816 |
| DABBS HICKMAN HILL & CANNON LLP | AUDITOR | $17,875 | — | $17,875 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE COMPANY — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,691
- Estimated Expense Ratio: 1.061% 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 | $101,691 | — | — | $17,875 | — |
| 2023 | $97,067 | — | — | $35,750 | — |
| 2022 | $67,727 | — | — | — | $16,250 |