Plan Snapshot
- Plan Sponsor: Best Buddies International, INC.
- Sponsor EIN: 521614576
- Sponsor Address: 100 SOUTHEAST SECOND STREET, MIAMI, FL, 33131
- Plan Type: 401(k)
- Total Participants: 359
- Total Assets: $17.2M
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 | 359 | $17.2M | $292,390 | $1.3M |
| 2023 | 343 | $14.1M | $278,866 | $1.1M |
| 2022 | 389 | $10.8M | $230,142 | $902,290 |
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 |
|---|---|---|---|---|
| PENSIONMARK FINANCIAL GROUP, LLC | RETAINED BY EMPLOYER | $53,961 | — | $53,961 |
| JOHN HANCOCK | RETAINED BY EMPLOYER | $37,069 | — | $37,069 |
| ABDO,LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RETAINED BY EMPLOYER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,030
- Estimated Expense Ratio: 0.529% 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 | $91,030 | $53,961 | $37,069 | — | — |
| 2023 | $77,193 | $42,032 | $35,161 | — | — |
| 2022 | $71,984 | $37,492 | $34,492 | — | — |