Plan Snapshot
- Plan Sponsor: Armor Correctional Health Services INC.
- Sponsor EIN: 201422279
- Sponsor Address: 4960 SW 72ND AVENUE, SUITE 400, MIAMI, FL, 33155
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 342
- Total Assets: $9.3M
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 | 342 | $9.3M | $9,519 | $713,892 |
| 2023 | 461 | $9.6M | $12,889 | $709,398 |
| 2022 | 571 | $9.9M | $269,123 | $985,718 |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | Recordkeeper | $62,618 | — | $62,618 |
| RAYMOND JAMES FINANCIAL SERVICE ADV | Other Service Provider | $32,703 | — | $32,703 |
| THE RETIREMENT ADVANTAGE | Recordkeeper | $17,450 | — | $17,450 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $112,771
- Estimated Expense Ratio: 1.211% 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 | $112,775 | — | $112,775 | — | — |
| 2023 | $129,497 | — | $129,497 | — | — |
| 2022 | $146,369 | — | $146,369 | — | — |