Plan Snapshot
- Plan Sponsor: El Dorado Furniture Corporation
- Sponsor EIN: 591350886
- Sponsor Address: 4200 NW 167TH ST, MIAMI GARDENS, FL, 330546112
- Plan Type: 401(k)
- Total Participants: 681
- Total Assets: $26.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 681 | $26.9M | $356,277 | $1.8M |
| 2023 | 700 | $24.0M | $362,089 | $1.9M |
| 2022 | 699 | $19.9M | $448,048 | $2.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $159,940 | — | $159,940 |
| SYNOVUS SECURITIES, INC. | INVESTMENT ADVISORY | — | $47,934 | $47,934 |
| VERDEJA & ALVAREZ LLP | ACCOUNTANT | $7,500 | — | $7,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VERDEJA & ALVAREZ LLP — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $215,374
- Estimated Expense Ratio: 0.800% 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 | $167,432 | — | $159,941 | $7,491 | — |
| 2023 | $142,198 | — | $134,710 | $7,488 | — |
| 2022 | $137,687 | — | $127,795 | — | $9,892 |