Plan Snapshot
- Plan Sponsor: Florida Physician Specialists, LLC.
- Sponsor EIN: 460772206
- Sponsor Address: 7017 A.C. SKINNER PARKWAY, JACKSONVILLE, FL, 32256
- Plan Type: 401(k)
- Total Participants: 176
- Total Assets: $27.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 176 | $27.0M | $1.1M | $935,157 |
| 2023 | 151 | $25.0M | $1.1M | $894,692 |
| 2022 | 140 | $21.4M | $1.0M | $801,721 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $71,359 | — | $71,359 |
| MAI CAPITAL MANAGEMENT, LLC | Investment Advisor | — | $36,677 | $36,677 |
| PENSION SOLUTIONS, INC | Recordkeeper | $7,050 | $12,045 | $19,095 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $127,131
- Estimated Expense Ratio: 0.471% 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 | $78,409 | — | $78,409 | — | — |
| 2023 | $69,529 | — | $69,529 | — | — |
| 2022 | $72,025 | — | $72,025 | — | — |