Plan Snapshot
- Plan Sponsor: Hawthorne Ocala Operations LLC
- Sponsor EIN: 861723436
- Sponsor Address: 4100 SW 33RD AVE, OCALA, FL, 34474
- Plan Type: 401(k)
- Total Participants: 2,418
- Total Assets: $4.2M
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 | 2,418 | $4.2M | $189,808 | $941,442 |
| 2023 | 186 | $2.2M | $99,048 | $471,620 |
| 2022 | 876 | $636,098 | $106,745 | $191,643 |
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 | CONTRACT ADMINISTRATOR | $27,009 | — | $27,009 |
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $14,336 | $13 | $14,349 |
| RICHARDS, MITCHELL & CROSS PA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,358
- Estimated Expense Ratio: 0.983% 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 | $46,197 | $46,197 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $3,528 | $499 | $2,530 | — | $499 |