Plan Snapshot
- Plan Sponsor: Sunshine Homes, INC.
- Sponsor EIN: 630596473
- Sponsor Address: 100 SUNSHINE AVENUE, RED BAY, AL, 35582
- Plan Type: 401(k)
- Total Participants: 325
- Total Assets: $7.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 325 | $7.3M | $241,210 | $358,133 |
| 2023 | 267 | $7.9M | $197,368 | $310,278 |
| 2022 | 219 | $7.6M | $170,348 | $263,220 |
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 INS COMPANY AMERICA | RECORD KEEPER | $43,470 | — | $43,470 |
| BORLAND BENEFIELD, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,470
- Estimated Expense Ratio: 0.599% 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 | $50,498 | — | $3,275 | — | — |
| 2023 | $41,115 | — | — | — | — |
| 2022 | $41,685 | — | — | — | — |