Plan Snapshot
- Plan Sponsor: Florida National University, INC
- Sponsor EIN: 650021295
- Sponsor Address: 4425 WEST 20TH AVENUE, HIALEAH, FL, 33012
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 470
- Total Assets: $15.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 470 | $15.8M | $0 | $0 |
| 2024 | 376 | $16.4M | $414,606 | $697,307 |
| 2023 | 336 | $14.1M | $349,412 | $537,474 |
| 2022 | 329 | $11.2M | $326,958 | $496,883 |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $34,129 | — | $34,129 |
| MORGAN STANLEY SMITH BARNEY | Investment Advisor | $29,829 | — | $29,829 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,958
- Estimated Expense Ratio: 0.405% 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 |
|---|---|---|---|---|---|
| 2025 | $3,992,600 | $29,829 | — | — | — |
| 2024 | $65,406 | $34,262 | — | — | — |
| 2023 | $53,645 | $28,417 | — | — | — |
| 2022 | $52,151 | — | — | — | — |