Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Southcoast Welding & Manufacturing
Southcoast Welding & Manufacturing 401(k)
- Manufacturing
- Chula Vista, CA
- EIN 45-4660667
- 1 plan with Schedule H financials
- Plan year 2024
- Southcoast Welding & Manufacturing LLC
- SEC registrant Southcoast Welding & Manufacturing, LLC
Administrative expenses excluding investment management, per participant · Southcoast Welding 401(k) Plan · plan year 2024
$212.63
Higher than 80% of the 14,713 plans $1 to 10M that report it.
Source
= $26,791 / 126
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251124131415NAL0003021088001, received 2025-11-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251124131415NAL0003021088001, received 2025-11-24
Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-11-24.
Cost and contributions
Administrative expenses per participant
$212.63
Higher than 65% of the 15,210 plans $1 to 10M that report it.
Source
= $26,791 / 126
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251124131415NAL0003021088001, received 2025-11-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251124131415NAL0003021088001, received 2025-11-24
Administrative expenses as a share of assets
0.698%
Higher than 67% of the 15,243 plans $1 to 10M that report it.
Source
= $26,791 / $3,840,730
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251124131415NAL0003021088001, received 2025-11-24
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251124131415NAL0003021088001, received 2025-11-24
Employer contributions per participant
not reported
Not reported on this filing.
Employer share of total contributions
not reported
Not reported on this filing.
Plan terms, as stated in Southcoast Welding & Manufacturing LLC's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251124131415NAL0003021088001, received 2025-11-24
Full record, Southcoast Welding 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SOUTHCOAST WELDING & MANUFACTURING LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Plan name | SOUTHCOAST WELDING 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Sponsor EIN / plan number | 45-4660667 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Sponsor location | CHULA VISTA, CA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Industry (business code) | 336610, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Filing received | 2025-11-24 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Amended filing | yes | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Participants, beginning of year | 483 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Active participants | 407 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Participants, end of year | 430 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Participants with an account balance | 126 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Total assets, beginning of year | $3,554,788 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Total assets, end of year | $3,840,730 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Net assets, end of year | $3,840,730 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Total income | $990,088 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Net income | $285,942 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Participant contributions | $650,733 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Other contributions (incl. rollovers) | $43,508 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Total contributions | $694,241 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Benefit payments | $637,559 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Total expenses (incl. benefit payments) | $704,146 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Total administrative expenses | $26,791 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Contract administrator fees | $26,791 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Administrative expenses excluding investment management | $26,791 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Held in mutual funds | $194,319 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251124131415NAL0003021088001, received 2025-11-24 |
| Independent auditor | COVELL, JANI & PASCH LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251124131415NAL0003021088001, received 2025-11-24 |
Position = column in the DOL layout for form year 2024. Filing 20251124131415NAL0003021088001, received 2025-11-24.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $26,030 | yes |
| NEW YORK LIFE SECURITIES | OTHER SERVICES | 49 Other services; 99 Other fees | $0 | yes |
| MORNINGSTAR INVESTMENT MANAGEMENT L | INV ADV, PARTICIPANTS | 26 Investment advisory (participants); 70 Consulting fees | $0 | yes |
| WILSHIRE ADVISORS LLC | INVESTMENT ADVISORY | 27 Investment advisory (plan); 72 Other investment fees and expenses | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251124131415NAL0003021088001, received 2025-11-24.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $3,554,788 | $3,840,730 | 8.0% |
| Participants with a balance | 219 | 126 | -42.5% |
| Administrative expenses | $6,898 | $26,791 | 288.4% |
| Recordkeeping fees per participant | $31.50 | not reported | |
| Employer contributions | not reported | not reported |
Prior filing 20241015203355NAL0015378915001, received 2024-10-15; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: SOUTHCOAST WELDING & MANUFACTURING LLC; SEC registrant: SOUTHCOAST WELDING & MANUFACTURING, LLC (CIK 1546884, matched by EIN).