Plan Snapshot
- Plan Sponsor: Farah & Farah, P.A.
- Sponsor EIN: 592596163
- Sponsor Address: 10 WEST ADAMS STREET, JACKSONVILLE, FL, 32202
- Plan Type: 401(k)
- Total Participants: 411
- Total Assets: $22.4M
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 | 411 | $22.4M | $987,699 | $2.0M |
| 2023 | 385 | $18.8M | $790,895 | $1.6M |
| 2022 | 331 | $14.4M | $656,628 | $1.4M |
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 |
|---|---|---|---|---|
| JW COLE ADVISORS INC | Investment Advisor | $68,791 | — | $68,791 |
| BDO USA, LLP | Auditor | $26,563 | — | $26,563 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,206 | — | $5,206 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,560
- Estimated Expense Ratio: 0.450% 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 | $14,046 | — | — | — | — |
| 2023 | $15,015 | — | $15,015 | — | — |
| 2022 | $73,093 | — | $73,093 | — | — |