Plan Snapshot
- Plan Sponsor: Citrus World, INC.
- Sponsor EIN: 590245940
- Sponsor Address: 20205 US HIGHWAY 27 NORTH, LAKE WALES, FL, 33859
- Plan Type: 401(k)
- Total Participants: 642
- Total Assets: $83.5M
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 | 642 | $83.5M | $1.0M | $3.8M |
| 2023 | 734 | $79.5M | $1.1M | $4.0M |
| 2022 | 747 | $73.1M | $1.1M | $4.2M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY | ADVISOR | $160,714 | — | $160,714 |
| NEWPORT GROUP, INC. | RECORDKEEPER | $102,077 | — | $102,077 |
| RSM US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY — ADVISOR
- RSM US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $262,791
- Estimated Expense Ratio: 0.315% 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 | $263,991 | $160,714 | $65,739 | — | — |
| 2023 | $281,193 | $178,935 | $62,744 | — | — |
| 2022 | $269,088 | $163,888 | $104,000 | — | $1,200 |