Plan Snapshot
- Plan Sponsor: Best Labor Contractors, LLC
- Sponsor EIN: 208090106
- Sponsor Address: 3211 PONCE DE LEON BLVD, CORAL GABLES, FL, 33134
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 581
- Total Assets: $6.1M
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. |
|---|---|---|---|---|
| 2025 | 581 | $6.1M | $0 | $0 |
| 2024 | 598 | $4.4M | $397,667 | $648,640 |
| 2023 | 535 | $3.0M | $328,333 | $599,074 |
| 2022 | 572 | $1.8M | $268,591 | $508,492 |
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 |
|---|---|---|---|---|
| KSDT CPA LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |
|---|---|---|---|---|---|
| 2025 | $267,407 | — | $61,624 | — | — |
| 2024 | $46,429 | — | $42,572 | — | — |
| 2023 | $34,420 | — | $32,120 | — | — |
| 2022 | $26,418 | — | $26,186 | — | $232 |