Plan Snapshot
- Plan Sponsor: High Reach Company, LLC
- Sponsor EIN: 200185778
- Sponsor Address: 7696 MARKHAM BEND PL, SANFORD, FL, 32771
- Plan Type: 401(k)
- Total Participants: 4
- Total Assets: $9.4M
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 | 4 | $9.4M | $437,908 | $1.1M |
| 2023 | 218 | $10.1M | $448,629 | $1.1M |
| 2022 | 192 | $7.9M | $382,046 | $920,410 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO | Other Service Provider | $52,353 | — | $52,353 |
| PSI ADVISORS LLC | Other Service Provider | $27,704 | — | $27,704 |
| FLORIDA RETIREMENT CONSULTANTS | Other Service Provider | $12,013 | — | $12,013 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,070
- Estimated Expense Ratio: 0.976% 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 | $52,285 | — | $12,013 | — | — |
| 2023 | $51,254 | — | $8,530 | — | — |
| 2022 | $67,754 | $16,428 | $51,326 | — | — |