Plan Snapshot
- Plan Sponsor: Fbmc Benefits Mangement, INC.
- Sponsor EIN: 591657263
- Sponsor Address: 3101 SESSIONS RD, TALLAHASSEE, FL, 32303
- Plan Type: 401(k)
- Total Participants: 108
- Total Assets: $8.8M
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 | 108 | $8.8M | $252,313 | $458,729 |
| 2023 | 99 | $7.9M | $254,006 | $458,694 |
| 2022 | 109 | $6.7M | $264,912 | $468,205 |
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 |
|---|---|---|---|---|
| LAW, REDD, CRONA & MUNROE, PA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $15,999 | — | $15,999 | — | — |
| 2023 | $18,928 | — | $18,928 | — | — |
| 2022 | $5,801 | — | $5,801 | — | — |