Plan Snapshot
- Plan Sponsor: Florim Usa, INC.
- Sponsor EIN: 621433640
- Sponsor Address: 300 INTERNATIONAL BLVD, CLARKSVILLE, TN, 370405307
- Plan Type: 401(k)
- Total Participants: 383
- Total Assets: $14.9M
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 | 383 | $14.9M | $402,081 | $1.3M |
| 2023 | 373 | $12.9M | $515,026 | $1.4M |
| 2022 | 367 | $10.3M | $333,107 | $1.1M |
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 | $99,941 | — | $99,941 |
| KESTRA INVESTMENT SERVICES LLC | Investment Advisor | — | $40,809 | $40,809 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA INVESTMENT SERVICES LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $140,750
- Estimated Expense Ratio: 0.943% 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 | $99,941 | — | $99,941 | — | — |
| 2023 | $86,198 | — | $86,198 | — | — |
| 2022 | $82,906 | — | $82,906 | — | — |