Plan Snapshot
- Plan Sponsor: 3b Medical, INC.
- Sponsor EIN: 611580396
- Sponsor Address: 222 LAKEVIEW AVE STE 730, WEST PALM BEACH, FL, 334016117
- Plan Type: 401(k)
- Total Participants: 630
- Total Assets: $28.1M
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 | 630 | $28.1M | $0 | $2.6M |
| 2023 | 516 | $25.9M | $116,030 | $2.2M |
| 2022 | 11 | $203,361 | $4,348 | $9,484 |
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 INS CO OF AMERICA | Recordkeeper | $105,681 | — | $105,681 |
| CBIZ INVESTMENT ADVISORY SERVICES L | Investment Advisor | $58,150 | — | $58,150 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $163,831
- Estimated Expense Ratio: 0.584% 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 | $154,190 | $123,573 | — | — | — |
| 2023 | $75,559 | $44,942 | — | — | — |
| 2022 | — | — | — | — | — |