# Hibiscus Childrens Center INC 401(k) Plan
Source: https://planprovider.pro/companies/hibiscus-childrens-center-inc-401k-plan

> Hibiscus Childrens Center INC&#39;s 401(k) plan: 107 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/paychex) — 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|—|—|

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