Plan Snapshot
- Plan Sponsor: We Are Sharing Hope Sc
- Sponsor EIN: 570875658
- Sponsor Address: 2215 HENRY TECKLENBURG DR., CHARLESTON, SC, 29414
- Plan Type: 401(k)
- Total Participants: 115
- Total Assets: $8.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 115 | $8.7M | $323,411 | $573,998 |
| 2023 | 86 | $7.8M | $264,991 | $480,899 |
| 2022 | 79 | $6.0M | $224,799 | $398,879 |
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 INSURANCE CO | RECORDKEEPER | $48,021 | — | $48,021 |
| COMMONWEALTH EQUITY SERVICES, LLC | INVESTMENT ADVISOR | $33,718 | — | $33,718 |
| NWRPC LLC | CONTRACT ADMIN | $2,925 | $2,837 | $5,762 |
| ELLIOTT DAVIS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOTT DAVIS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,501
- Estimated Expense Ratio: 1.006% 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 | $50,946 | — | $50,946 | — | — |
| 2023 | $46,294 | — | $46,294 | — | — |
| 2022 | $59,928 | — | — | — | — |