Plan Snapshot
- Plan Sponsor: King Ocean Agency INC
- Sponsor EIN: 208772482
- Sponsor Address: 13155 NW 19TH LANE, SWEETWATER, FL, 33182
- Plan Type: 401(k)
- Total Participants: 136
- Total Assets: $4.2M
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 | 136 | $4.2M | $266,844 | $458,352 |
| 2023 | 95 | $2.5M | $216,675 | $357,169 |
| 2022 | 87 | $1.9M | $187,498 | $331,806 |
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 |
|---|---|---|---|---|
| VERDEJA DE ARMAS & TRUJILLO LL | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $31,875 | — | — | — | — |
| 2023 | $19,222 | — | — | — | — |
| 2022 | $10,470 | — | — | — | — |