Plan Snapshot
- Plan Sponsor: Banco De Sabadell, S.A.
- Sponsor EIN: 650274511
- Sponsor Address: 1111 BRICKELL AVE, MIAMI, FL, 33131
- Plan Type: 401(k)
- Total Participants: 316
- Total Assets: $78.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 316 | $78.6M | $1.3M | $3.0M |
| 2023 | 235 | $65.4M | $1.3M | $2.8M |
| 2022 | 240 | $52.4M | $1.2M | $2.6M |
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 |
|---|---|---|---|---|
| VERDEJA & DE ARMAS, LLP | ACCOUNTANT/AUDITOR | $9,500 | — | $9,500 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $8,073 | — | $8,073 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $5,603 | — | $5,603 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VERDEJA & DE ARMAS, LLP — ACCOUNTANT/AUDITOR
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,176
- Estimated Expense Ratio: 0.029% 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 | $18,268 | $8,073 | — | $9,500 | — |
| 2023 | $5,236 | $7,348 | — | — | — |
| 2022 | $13,092 | $6,368 | — | — | — |