Plan Snapshot
- Plan Sponsor: Florida Eye Health Services, LLC
- Sponsor EIN: 844387020
- Sponsor Address: 6091 SOUTHPOINTE BLVD., FORT MYERS, FL, 33919
- Plan Type: 401(k)
- Total Participants: 393
- Total Assets: $13.8M
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. |
|---|---|---|---|---|
| 2023 | 393 | $13.8M | $821,753 | $1.5M |
| 2022 | 465 | $11.0M | $771,032 | $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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER SMITH | Investment Advisor | $69,356 | — | $69,356 |
| PROGRESSIVE PENSION ADMIN., INC. | Other Service Provider | $21,252 | $11,482 | $32,734 |
| EMPOWER ANNUITY INS. CO. OF AMERICA | Recordkeeper | $12,728 | — | $12,728 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $114,818
- Estimated Expense Ratio: 0.830% 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 |
|---|---|---|---|---|---|
| 2023 | $74,086 | — | $74,086 | — | — |
| 2022 | $59,296 | — | $59,296 | — | — |