Plan Snapshot
- Plan Sponsor: Best Doctors Insurance Services
- Sponsor EIN: 264045938
- Sponsor Address: 5201 BLUE LAGOON DRIVE, MIAMI, FL, 33126
- Plan Type: 401(k)
- Total Participants: 121
- Total Assets: $8.5M
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 | 121 | $8.5M | $306,515 | $794,244 |
| 2023 | 115 | $6.8M | $288,642 | $781,650 |
| 2022 | 130 | $5.8M | $269,693 | $697,777 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $26,532 | — | $26,532 |
| VERDEJA AND ALVAREZ, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- VERDEJA AND ALVAREZ, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,532
- Estimated Expense Ratio: 0.312% 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 | $26,533 | — | — | — | — |
| 2023 | $25,006 | — | — | — | — |
| 2022 | $25,826 | — | — | — | — |