Plan Snapshot
- Plan Sponsor: Florida Eye Associates, INC.
- Sponsor EIN: 593401517
- Sponsor Address: 502 E NEW HAVEN AVENUE, MELBOURNE, FL, 32901
- Plan Type: 401(k)
- Total Participants: 104
- Total Assets: $9.4M
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 | 104 | $9.4M | $266,632 | $597,706 |
| 2023 | 104 | $8.1M | $264,674 | $563,657 |
| 2022 | 114 | $6.1M | $256,365 | $528,229 |
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 - EPS | Investment Advisor | $17,722 | — | $17,722 |
| MERRILL LYNCH - FAS | Investment Advisor | $17,722 | — | $17,722 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,444
- Estimated Expense Ratio: 0.378% 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 | $59,874 | $35,445 | $20,240 | — | — |
| 2023 | $45,210 | $28,379 | $14,539 | — | — |
| 2022 | $42,109 | $25,216 | $15,038 | — | $1,855 |