Plan Snapshot
- Plan Sponsor: Fms Financial Management Services, LLC
- Sponsor EIN: 473105463
- Sponsor Address: RADICE CORPORATE CENTER II, FORT LAUDERDALE, FL, 33334
- Plan Type: 401(k)
- Total Participants: 250
- Total Assets: $21.0M
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 | 250 | $21.0M | $657,005 | $1.8M |
| 2023 | 248 | $17.4M | $626,801 | $1.7M |
| 2022 | 258 | $15.4M | $534,618 | $1.4M |
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 |
|---|---|---|---|---|
| BGBC PARTNERS LLP | ACCOUNTANT/AUDITOR | $53,615 | — | $53,615 |
| TRUIST ADVISORY SERVICES INC | ADVISOR | $28,077 | — | $28,077 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $13,915 | — | $13,915 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BGBC PARTNERS LLP — ACCOUNTANT/AUDITOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,607
- Estimated Expense Ratio: 0.456% 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 | $95,607 | $28,077 | — | $53,615 | — |
| 2023 | $71,862 | $12,060 | — | $46,846 | — |
| 2022 | $79,908 | — | — | — | $79,908 |