Plan Snapshot
- Plan Sponsor: Bernard Egan & Company
- Sponsor EIN: 221730979
- Sponsor Address: 1900 OLD DIXIE HWY, FORT PIERCE, FL, 349461423
- Plan Type: 401(k)
- Total Participants: 188
- Total Assets: $23.8M
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 | 188 | $23.8M | $310,718 | $596,931 |
| 2023 | 187 | $22.2M | $301,343 | $562,284 |
| 2022 | 187 | $19.7M | $0 | $593,257 |
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 | CONTRACT ADMINISTRATOR | $80,116 | $567 | $80,683 |
| NFP RETIREMENT | INVESTMENT ADVISORY | — | $22,185 | $22,185 |
| BERMAN HOPKINS CPAS & ASSOCIATES, L | ACCOUNTANT | — | $16,000 | $16,000 |
| WITHUMSMITHBROWN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT — INVESTMENT ADVISORY
- BERMAN HOPKINS CPAS & ASSOCIATES, L — ACCOUNTANT
- WITHUMSMITHBROWN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,868
- Estimated Expense Ratio: 0.500% 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 | $80,116 | — | $80,116 | — | — |
| 2023 | $51,959 | — | $51,959 | — | — |
| 2022 | $4,777 | — | $4,777 | — | — |