Plan Snapshot
- Plan Sponsor: Med-Lab Supply Co., INC.
- Sponsor EIN: 591022024
- Sponsor Address: 800 WATERFORD WAY, MIAMI, FL, 33126
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $41.3M
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 | 142 | $41.3M | $1.2M | $1.5M |
| 2023 | 119 | $37.4M | $1.9M | $1.3M |
| 2022 | 113 | $30.1M | $1.9M | $1.1M |
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 |
|---|---|---|---|---|
| NFP RETIREMENT INC | ADVISOR | $30,000 | — | $30,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $25,261 | — | $25,261 |
| VERDEJA ALVAREZ | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- VERDEJA ALVAREZ — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,261
- Estimated Expense Ratio: 0.134% 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 | $59,646 | $34,385 | — | — | — |
| 2023 | $51,643 | $34,067 | — | — | — |
| 2022 | $1,761,093 | — | $39,305 | — | — |