Plan Snapshot
- Plan Sponsor: Cliff Berry, INC.
- Sponsor EIN: 650511114
- Sponsor Address: P.O. BOX 13079, FT. LAUDERDALE, FL, 33316
- Plan Type: 401(k)
- Total Participants: 169
- Total Assets: $9.0M
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 | 169 | $9.0M | $411,788 | $598,244 |
| 2023 | 151 | $7.7M | $341,179 | $459,046 |
| 2022 | 132 | $6.2M | $185,797 | $414,648 |
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 |
|---|---|---|---|---|
| ALLIANCEBERNSTEIN LP | INVESTMENT ADVISOR | $13,933 | — | $13,933 |
| EMPOWER ANNUITY INS CO OF AMERICA | RECORDKEEPER | $10,372 | — | $10,372 |
| KSDT & CO. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,305
- Estimated Expense Ratio: 0.271% 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 | $22,785 | — | — | — | — |
| 2023 | $1,090 | — | — | — | — |
| 2022 | — | — | — | — | — |