Plan Snapshot
- Plan Sponsor: Florida East Coast Industries, LLC
- Sponsor EIN: 204427296
- Sponsor Address: 350 NW 1ST AVE, SUITE 200, MIAMI, FL, 33128
- Plan Type: 401(k)
- Total Participants: 570
- Total Assets: $47.2M
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 | 570 | $47.2M | $1.8M | $3.7M |
| 2023 | 558 | $42.4M | $1.6M | $3.7M |
| 2022 | 432 | $36.1M | $1.2M | $3.0M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $9,680 | — | $9,680 |
| GLOBAL RETIREMENT PARTNERS LLC | CONSULTANT | $7,500 | — | $7,500 |
| WELLTH ADVISORY SERVICES LLC | CONSULTANT | $7,500 | — | $7,500 |
| ERNST & YOUNG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — CONSULTANT
- ERNST & YOUNG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,680
- Estimated Expense Ratio: 0.052% 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 | $24,680 | $15,000 | — | — | — |
| 2023 | $44,180 | — | — | — | — |
| 2022 | $25,960 | — | — | — | — |