Plan Snapshot
- Plan Sponsor: The Beach Company
- Sponsor EIN: 570278880
- Sponsor Address: 320 BROAD STREET, SUITE 600, CHARLESTON, SC, 29401
- Plan Type: 401(k)
- Total Participants: 349
- Total Assets: $34.1M
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 | 349 | $34.1M | $1.1M | $2.1M |
| 2023 | 297 | $30.0M | $989,464 | $2.0M |
| 2022 | 270 | $25.7M | $869,277 | $1.7M |
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 |
|---|---|---|---|---|
| FAMILY ASSET MANAGEMENT LLC | ADVISOR | $40,869 | — | $40,869 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $25,809 | — | $25,809 |
| DCPAS, LLC DBA DAVIS & COMPANY CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- DCPAS, LLC DBA DAVIS & COMPANY CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,678
- Estimated Expense Ratio: 0.195% 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 | $66,678 | $40,869 | — | — | — |
| 2023 | $86,842 | $36,497 | $2,400 | $30,000 | — |
| 2022 | $126,544 | — | — | — | — |