Plan Snapshot
- Plan Sponsor: Florida Multiemployer 401(K) Plan
- Sponsor EIN: 593483551
- Sponsor Address: P.O. BOX 1449, GOODLETTSVILLE, TN, 37070
- Plan Type: 401(k)
- Total Participants: 1,023
- Total Assets: $27.3M
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 | 1,023 | $27.3M | $113,003 | $217,275 |
| 2023 | 1,041 | $26.8M | $138,058 | $188,336 |
| 2022 | 691 | $24.6M | $135,858 | $205,898 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO. OF AM | RECORDKEEPER | $167,260 | — | $167,260 |
| GLOBAL RETIREMENT PARTNERS LLC | INV. ADVISOR | $51,286 | — | $51,286 |
| SOUTHERN BENEFITS ADMINISTRATOR | ADMINISTRATOR | $29,816 | — | $29,816 |
| LAPADULA CARLSON & CO. | ACCOUNTANT | $18,743 | — | $18,743 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LAPADULA CARLSON & CO. — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $267,105
- Estimated Expense Ratio: 0.980% 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 | $290,931 | $228,886 | $29,000 | $18,743 | — |
| 2023 | $245,468 | $193,686 | $24,000 | $17,600 | — |
| 2022 | $244,530 | $193,686 | $24,000 | — | $20,064 |