Plan Snapshot
- Plan Sponsor: Insurance Office Of America, INC.
- Sponsor EIN: 592472656
- Sponsor Address: 1855 WEST STATE ROAD 434, LONGWOOD, FL, 32750
- Plan Type: 401(k)
- Total Participants: 1,227
- Total Assets: $84.1M
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 | 1,227 | $84.1M | $1.7M | $7.9M |
| 2023 | 1,174 | $69.7M | $1.5M | $6.9M |
| 2022 | 1,093 | $55.4M | $1.4M | $6.0M |
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 | $216,546 | — | $216,546 |
| AMERIPRISE FINANCIAL SERVICES LLC. | INVESTMENT ADVISORY | — | $57,479 | $57,479 |
| CARR, RIGGS, AND INGRAM LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERIPRISE FINANCIAL SERVICES LLC. — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $274,025
- Estimated Expense Ratio: 0.326% 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 | $216,547 | — | $216,547 | — | — |
| 2023 | $173,138 | — | $173,138 | — | — |
| 2022 | $155,943 | — | $155,943 | — | — |