Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The South Florida Hotel & Culinary Employees Welf
- Sponsor EIN: 592031804
- Sponsor Address: 2010 NW 150TH AVENUE, SUITE 200, PEMBROKE PINES, FL, 33028
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,855
- Total Assets: $34.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,855 | $34.9M | $32.8M | $23,575 |
| 2023 | 2,514 | $30.9M | $30.2M | $9,002 |
| 2022 | 2,260 | $25.8M | $27.4M | $11,538 |
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 |
|---|---|---|---|---|
| NATIONAL EMPLOYEE BENEFITS ADMIN | Other Service Provider | $526,686 | — | $526,686 |
| KARPUS INVESTMENT MANAGEMENT | Other Service Provider | $108,819 | — | $108,819 |
| SUGARMAN & SUSSKIND PA | ERISA Attorney | $88,900 | — | $88,900 |
| BROWN & BROWN | Other Service Provider | $78,000 | — | $78,000 |
| LAPADULA CARLSON & CO. | Auditor | $47,505 | — | $47,505 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SUGARMAN & SUSSKIND PA — ERISA Attorney
- LAPADULA CARLSON & CO. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $849,910
- Estimated Expense Ratio: 2.433% 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 | $1,049,146 | $154,119 | $540,901 | $47,505 | — |
| 2023 | $935,588 | $120,679 | $495,781 | $23,000 | — |
| 2022 | $837,435 | $91,472 | $419,674 | — | $219,700 |