Plan Snapshot
- Plan Sponsor: I.M.G. Enterprise INC
- Sponsor EIN: 581477943
- Sponsor Address: 7836 CHERRY LAKE ROAD, GROVELAND, FL, 347369007
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 441
- Total Assets: $7.1M
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 | 441 | $7.1M | $215,227 | $590,130 |
| 2023 | 419 | $5.8M | $197,200 | $530,873 |
| 2022 | 389 | $4.9M | $197,443 | $503,817 |
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 OF AMERICA | Recordkeeper | $44,710 | — | $44,710 |
| UBS FINANCIAL SERVICES | Recordkeeper | $26,836 | — | $26,836 |
| FLORIDA RETIREMENT CONSULTANTS | Recordkeeper | $6,095 | — | $6,095 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,641
- Estimated Expense Ratio: 1.096% 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 | $52,437 | — | $52,437 | — | — |
| 2023 | $41,499 | — | $41,499 | — | — |
| 2022 | $17,528 | — | $17,528 | — | — |