Plan Snapshot
- Plan Sponsor: Briggs Management, LLC.
- Sponsor EIN: 721312765
- Sponsor Address: 2990 PONCE DE LEON, SUITE 400, CORAL GABLES, FL, 33134
- Plan Type: 401(k)
- Total Participants: 249
- Total Assets: $9.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 249 | $9.9M | $134,291 | $453,565 |
| 2023 | 238 | $10.6M | $159,357 | $486,814 |
| 2022 | 259 | $11.4M | $111,991 | $411,546 |
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 |
|---|---|---|---|---|
| ERICKSEN KRENTEL LLP | Auditor | $13,250 | — | $13,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,250
- Estimated Expense Ratio: 0.134% 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 | $73,175 | $59,925 | — | $13,250 | — |
| 2023 | $43,696 | $4,189 | — | — | — |
| 2022 | $48,889 | $4,660 | $37,443 | — | $4,922 |