Plan Snapshot
- Plan Sponsor: Adex Medical Staffing, LLC
- Sponsor EIN: 200951539
- Sponsor Address: 13083 TELECOM PARKWAY NORTH, TEMPLE TERRACE, FL, 33637
- Plan Type: 401(k)
- Total Participants: 581
- Total Assets: $4.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 581 | $4.3M | $0 | $1.1M |
| 2023 | 691 | $3.7M | $0 | $1.3M |
| 2022 | 734 | $2.2M | $0 | $1.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $91,048 | — | $91,048 |
| PSI ADVISORS LLC | Investment Advisor | — | $18,988 | $18,988 |
| JANET A. PANEBIANCO, CPA, PLLC | Recordkeeper | $5,200 | $1,981 | $7,181 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $117,217
- Estimated Expense Ratio: 2.698% 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 | $96,249 | — | $96,249 | — | — |
| 2023 | $69,045 | — | $69,045 | — | — |
| 2022 | $40,079 | — | $40,079 | — | — |