Plan Snapshot
- Plan Sponsor: Bonita Springs Utilities, INC.
- Sponsor EIN: 591350003
- Sponsor Address: 11900 EAST TERRY ST, BONITA SPRINGS, FL, 341356127
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $15.8M
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 | 125 | $15.8M | $758,338 | $473,317 |
| 2023 | 125 | $14.2M | $728,090 | $449,165 |
| 2022 | 119 | $11.5M | $672,962 | $392,813 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Recordkeeper | $6,324 | — | $6,324 |
| PENSION PLANNERS INC. | Recordkeeper | $5,468 | — | $5,468 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,792
- Estimated Expense Ratio: 0.075% 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 | $11,792 | — | $5,468 | — | — |
| 2023 | $11,075 | — | — | — | — |
| 2022 | $8,928 | — | — | — | $8,928 |