Plan Snapshot
- Plan Sponsor: Boats Group, LLC
- Sponsor EIN: 271699592
- Sponsor Address: 1221 BRICKELL AVE, MIAMI, FL, 33131
- Plan Type: 401(k)
- Total Participants: 200
- Total Assets: $15.7M
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 | 200 | $15.7M | $738,835 | $1.6M |
| 2023 | 206 | $14.7M | $735,875 | $1.5M |
| 2022 | 197 | $11.0M | $578,212 | $1.1M |
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 |
|---|---|---|---|---|
| CFLG ACCOUNTANTS | 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 |
|---|---|---|---|---|---|
| 2024 | $47,933 | $43,619 | $4,314 | — | — |
| 2023 | $2,512 | $107 | $2,405 | — | — |
| 2022 | $2,611 | $61 | $2,550 | — | — |