Plan Snapshot
- Plan Sponsor: Trustees In Their Capacity As Such Of South Carolina Bankers Employee
- Sponsor EIN: 570741877
- Sponsor Address: P.O. BOX 533, CHAPIN, SC, 29036
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 673
- Total Assets: $4.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 673 | $4.7M | $0 | $0 |
| 2024 | 905 | $4.3M | $11.6M | $0 |
| 2023 | 1,443 | $4.7M | $14.1M | $0 |
| 2022 | 1,390 | $7.3M | $13.4M | $0 |
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 |
|---|---|---|---|---|
| HEALTHGRAM, INC. | Other Service Provider | $417,195 | — | $417,195 |
| NAVITUS HEALTH SOLUTIONS, LLC | Other Service Provider | $152,135 | — | $152,135 |
| RCH BENEFITS ADVISORS LLC | Other Service Provider | $72,000 | — | $72,000 |
| ARCHIMEDES, LLC | Other Service Provider | $58,463 | — | $58,463 |
| WINDSOR STRATEGY PARTNERS INC | Other Service Provider | $42,786 | — | $42,786 |
| HUB INTERNATIONAL CAROLINAS | Other Service Provider | $37,603 | — | $37,603 |
| SCOTT AND COMPANY LLC | Other Service Provider | $28,390 | — | $28,390 |
| THE BENEFIT COMPANY INC | Other Service Provider | $22,842 | — | $22,842 |
| NELSON MULLINS RILEY & SCARBOROUGH | Other Service Provider | $5,379 | — | $5,379 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $836,793
- Estimated Expense Ratio: 17.876% 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 |
|---|---|---|---|---|---|
| 2025 | $8,900,946 | — | $652,703 | $28,390 | — |
| 2024 | $1,046,569 | — | $767,033 | $25,943 | — |
| 2023 | $992,716 | — | $788,628 | $22,694 | — |
| 2022 | $950,977 | — | $757,979 | — | $35,292 |