Plan Snapshot
- Plan Sponsor: Miami Beckham United, LLC
- Sponsor EIN: 464242572
- Sponsor Address: 800 S. DOUGLAS RD, CORAL GABLES, FL, 331343135
- Plan Type: 401(k)
- Total Participants: 212
- Total Assets: $2.8M
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 | 212 | $2.8M | $345,383 | $801,346 |
| 2023 | 267 | $1.6M | $0 | $514,704 |
| 2022 | 198 | $1.1M | $0 | $499,195 |
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 | $28,301 | — | $28,301 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | INVESTMENT ADVISORY | — | $10,226 | $10,226 |
| ASSURANCE DIMENSIONS, LLC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER FIDUCIARY ADVISORS, LLC — INVESTMENT ADVISORY
- ASSURANCE DIMENSIONS, LLC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,527
- Estimated Expense Ratio: 1.374% 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 | $28,302 | — | $28,302 | — | — |
| 2023 | $17,108 | — | $17,108 | — | — |
| 2022 | $6,752 | — | $6,752 | — | — |