Plan Snapshot
- Plan Sponsor: Hibiscus Childrens Center INC
- Sponsor EIN: 592632361
- Sponsor Address: 1145 12TH ST, VERO BEACH, FL, 329603718
- Plan Type: 401(k)
- Total Participants: 107
- Total Assets: $2.9M
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 | 107 | $2.9M | $142,500 | $253,925 |
| 2023 | 117 | $2.5M | $146,046 | $256,355 |
| 2022 | 115 | $2.1M | $149,811 | $252,194 |
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 |
|---|---|---|---|---|
| PAYCHEX, INC. | RECORDKEEPER | $7,210 | — | $7,210 |
| NUTTAL, HOWES & ASSOCIATES CPA'S | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,210
- Estimated Expense Ratio: 0.247% 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 | $11,065 | $1,276 | $8,929 | — | — |
| 2023 | $19,386 | $1,027 | $6,999 | — | — |
| 2022 | $8,903 | $910 | $7,993 | — | — |