Plan Snapshot
- Plan Sponsor: Early Learning Coalition Of Miami-Dade/Monroe
- Sponsor EIN: 651122406
- Sponsor Address: 2555 PONCE DE LEON BLVD, CORAL GABLES, FL, 33134
- Plan Type: 401(k)
- Total Participants: 293
- Total Assets: $14.5M
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 | 293 | $14.5M | $948,074 | $809,848 |
| 2023 | 293 | $11.8M | $577,325 | $702,462 |
| 2022 | 284 | $9.0M | $503,815 | $630,312 |
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 |
|---|---|---|---|---|
| LWM ADVISORY SERVICES, LLC | RIA | $26,106 | — | $26,106 |
| VERDEJA & ALVAREZ, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VERDEJA & ALVAREZ, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,106
- Estimated Expense Ratio: 0.181% 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 | $74,227 | $26,106 | $13,250 | — | — |
| 2023 | $59,779 | $20,164 | $8,500 | — | — |
| 2022 | $52,211 | $45,961 | $6,250 | — | — |