Plan Snapshot
- Plan Sponsor: Jerry Pate Company
- Sponsor EIN: 593472632
- Sponsor Address: 301 SCHUBERT DR, PENSACOLA, FL, 32504
- Plan Type: 401(k)
- Total Participants: 178
- Total Assets: $10.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 178 | $10.4M | $155,442 | $781,725 |
| 2023 | 167 | $10.0M | $139,167 | $718,055 |
| 2022 | 146 | $8.7M | $129,907 | $670,407 |
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 |
|---|---|---|---|---|
| SOUTHBRIDGE ADVISORS LLC | Investment Advisor | $27,739 | — | $27,739 |
| AZALEA ADMINISTRATION | Other Service Provider | $1,050 | $4,953 | $6,003 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,742
- Estimated Expense Ratio: 0.323% 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 | $3,539 | — | — | — | — |
| 2023 | $818 | — | — | — | — |
| 2022 | $1,490 | — | — | — | — |