Plan Snapshot
- Plan Sponsor: Flagler System, INC.
- Sponsor EIN: 650118212
- Sponsor Address: P.O. BOX 910, PALM BEACH, FL, 334800910
- Plan Type: DC
- Total Participants: 2,307
- Total Assets: $187.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,307 | $187.3M | $5.9M | $10.5M |
| 2023 | 2,381 | $167.3M | $4.7M | $9.6M |
| 2022 | 2,234 | $137.9M | $4.0M | $8.5M |
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 |
|---|---|---|---|---|
| TEMPLETON & COMPANY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TEMPLETON & COMPANY, LLP — Auditor
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 | $178,205 | — | $178,205 | — | — |
| 2023 | $161,845 | — | $161,845 | — | — |
| 2022 | $154,123 | — | $154,123 | — | — |