Plan Snapshot
- Plan Sponsor: Document Storage Systems, INC.
- Sponsor EIN: 431575286
- Sponsor Address: 701 US HWY 1, SUITE 101, NORTH PALM BEACH, FL, 33408
- Plan Type: 401(k)
- Total Participants: 705
- Total Assets: $88.0M
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 | 705 | $88.0M | $2.5M | $6.3M |
| 2023 | 675 | $74.2M | $2.4M | $6.0M |
| 2022 | 670 | $60.1M | $2.2M | $5.5M |
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 INSURANCE COMPANY | RECORDKEEPER | $70,583 | — | $70,583 |
| BROAD STREET CAPITAL PARTNERS LLC | INVESTMENT ADVISOR | $67,049 | — | $67,049 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $61,490 | — | $61,490 |
| WEALTH ENHANCEMENT ADVISORY SERVICE | INVESTMENT ADVISOR | $20,000 | — | $20,000 |
| EJ REYNOLDS, INC. | CONTRACT ADMIN | $7,000 | — | $7,000 |
| COHN REZNICK, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $226,122
- Estimated Expense Ratio: 0.257% 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 | $213,030 | — | — | — | — |
| 2023 | $72,460 | — | — | — | — |
| 2022 | $59,290 | $59,290 | — | — | — |