Plan Snapshot
- Plan Sponsor: Lykes Bros. INC.
- Sponsor EIN: 590606439
- Sponsor Address: 7 LYKES RD, LAKE PLACID, FL, 338529582
- Plan Type: 401(k)
- Total Participants: 91
- Total Assets: $15.3M
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 | 91 | $15.3M | $375,724 | $496,749 |
| 2023 | 97 | $15.0M | $352,064 | $466,693 |
| 2022 | 90 | $14.2M | $347,658 | $467,478 |
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 | $39,617 | — | $39,617 |
| PRINCIPAL SECURITIES INC | OTHER SERVICES | — | $5,733 | $5,733 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,350
- Estimated Expense Ratio: 0.297% 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 | $39,617 | — | $39,617 | — | — |
| 2023 | $70,462 | — | $70,462 | — | — |
| 2022 | $4,259 | — | $4,259 | — | — |