Plan Snapshot
- Plan Sponsor: Brevard Achievement Center, INC.
- Sponsor EIN: 591203280
- Sponsor Address: 1845 COGSWELL ST, ROCKLEDGE, FL, 32955
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 949
- Total Assets: $1.6M
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 | 949 | $1.6M | $3.6M | $65,217 |
| 2023 | 1,001 | $867,274 | $4.1M | $105,663 |
| 2022 | 514 | $1.0M | $3.5M | $53,614 |
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 |
|---|---|---|---|---|
| BOON ADMINISTRATIVE SERVICES | Other Service Provider | $75,275 | — | $75,275 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,275
- Estimated Expense Ratio: 4.828% 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 | $132,790 | — | $49,330 | — | — |
| 2023 | $269,046 | — | $48,850 | — | — |
| 2022 | $201,902 | — | — | — | — |