Plan Snapshot
- Plan Sponsor: Central Florida Regional Workforce Development Board, INC.
- Sponsor EIN: 593396497
- Sponsor Address: 390 N ORANGE AVE SUITE 700, ORLANDO, FL, 328011673
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 175
- Total Assets: $13.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 175 | $13.5M | $762,675 | $965,505 |
| 2023 | 200 | $11.5M | $771,830 | $981,349 |
| 2022 | 235 | $10.1M | $719,666 | $953,438 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $34,265 | — | $34,265 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,265
- Estimated Expense Ratio: 0.253% 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 | $34,844 | — | $34,265 | — | — |
| 2023 | $29,796 | — | $29,227 | — | — |
| 2022 | $33,916 | — | $33,320 | — | — |