Plan Snapshot
- Plan Sponsor: Longwood Lincoln Mercury, INC.
- Sponsor EIN: 591636956
- Sponsor Address: 3505 N. US HIGHWAY 17-92, LONGWOOD, FL, 32750
- Plan Type: 401(k)
- Total Participants: 324
- Total Assets: $11.4M
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 | 324 | $11.4M | $75,000 | $990,637 |
| 2023 | 295 | $10.6M | $70,000 | $1.0M |
| 2022 | 285 | $8.3M | $65,000 | $1.0M |
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 |
|---|---|---|---|---|
| PENSION INVESTORS CORPORATION | THIRD PARTY ADMINISTRATO | $10,306 | — | $10,306 |
| SCHAFER TSCHOFF WHITCOMB MITCHELL | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,306
- Estimated Expense Ratio: 0.090% 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 | $66,295 | — | — | — | — |
| 2023 | $65,252 | — | — | — | — |
| 2022 | $19,483 | — | — | — | — |