Plan Snapshot
- Plan Sponsor: 1220 Collins Avenue, INC. Dba The Webster
- Sponsor EIN: 204989702
- Sponsor Address: 1220 COLLINS AVENUE, MIAMI BEACH, FL, 33139
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 93
- Total Assets: $32,427
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. |
|---|---|---|---|---|
| 2024 | 93 | $32,427 | $106 | $0 |
| 2023 | 92 | $32,321 | $104,851 | $0 |
| 2022 | 115 | $71,595 | $453,589 | $207,519 |
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 |
|---|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE | Other Service Provider | $34,053 | — | $34,053 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,053
- Estimated Expense Ratio: 105.014% 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 | -$751 | — | — | — | — |
| 2023 | $6,802 | — | — | — | — |
| 2022 | $687,000 | — | — | — | — |