Plan Snapshot
- Plan Sponsor: Cove Behavioral Health, INC.
- Sponsor EIN: 591514993
- Sponsor Address: 4422 E. COLUMBUS DR., TAMPA, FL, 336053233
- Plan Type: 403(b)
- Plan Number: 003
- Total Participants: 208
- Total Assets: $4.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 208 | $4.6M | $163,649 | $520,313 |
| 2023 | 220 | $4.2M | $174,485 | $428,107 |
| 2022 | 213 | $3.8M | $126,184 | $344,121 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO | Recordkeeper | $35,378 | — | $35,378 |
| FLORIDA RETIREMENT CONSULTANTS | Recordkeeper | $20,445 | — | $20,445 |
| GW HENSSLER AND ASSOC | Investment Advisor | $16,424 | — | $16,424 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,247
- Estimated Expense Ratio: 1.571% 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 | $71,447 | $16,618 | $20,124 | — | — |
| 2023 | $39,712 | $15,087 | $8,447 | — | — |
| 2022 | $25,805 | $12,662 | $13,143 | — | — |