Plan Snapshot
- Plan Sponsor: Atlantic Pacific Property Management LLC
- Sponsor EIN: 454302332
- Sponsor Address: 6600 N. MILITARY TRAIL, BOCA RATON, FL, 33496
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 489
- Total Assets: $677,776
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 | 489 | $677,776 | $3.7M | $809,727 |
| 2023 | 449 | $473,980 | $3.2M | $796,334 |
| 2022 | 386 | $16,573 | $2.4M | $741,969 |
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 |
|---|---|---|---|---|
| BALDWIN KRYSTYN SHERMAN (GA) | Investment Advisor | $145,625 | — | $145,625 |
| THE BENECON GROUP LLC | Investment Advisor | $67,368 | — | $67,368 |
| CONNECTCARE3 | Other Service Provider | $26,446 | — | $26,446 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $24,161 | — | $24,161 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $263,600
- Estimated Expense Ratio: 38.892% 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 | $1,092,475 | $93,814 | $169,786 | — | — |
| 2023 | $965,295 | $97,874 | $147,910 | — | — |
| 2022 | $812,449 | $88,470 | $142,825 | — | — |