Plan Snapshot
- Plan Sponsor: Flowerland Garden Centers Of Cleveland, INC.
- Sponsor EIN: 341386677
- Sponsor Address: 25018 BROADWAY AVE., OAKWOOD VILLAGE, OH, 44146
- Plan Type: 401(k)
- Total Participants: 250
- Total Assets: $12.4M
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. |
|---|---|---|---|---|
| 2024 | 250 | $12.4M | $300,591 | $715,478 |
| 2023 | 312 | $10.6M | $294,990 | $679,599 |
| 2022 | 272 | $8.8M | $249,544 | $562,625 |
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 |
|---|---|---|---|---|
| FIDELITY WORKPLACE SERVICES, LLC | Recordkeeper | $30,971 | — | $30,971 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,971
- Estimated Expense Ratio: 0.250% 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 | $30,971 | — | $746 | — | — |
| 2023 | $30,029 | — | $200 | — | — |
| 2022 | $30,497 | — | — | — | — |