Plan Snapshot
- Plan Sponsor: Miami Heat Limited Partnership
- Sponsor EIN: 592814942
- Sponsor Address: 601 BISCAYNE BLVD., MIAMI, FL, 33132
- Plan Type: 401(k)
- Total Participants: 507
- Total Assets: $61.0M
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 | 507 | $61.0M | $1.1M | $2.9M |
| 2023 | 405 | $50.1M | $736,214 | $2.6M |
| 2022 | 377 | $41.0M | $1.0M | $2.3M |
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 |
|---|---|---|---|---|
| OSIAC ADVISORY SERVICES, LLC | INVESTMENT ADVISOR | $120,313 | — | $120,313 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPER | $94,020 | — | $94,020 |
| DEFINITI | THIRD PARTY ADMINISTRATO | $8,525 | — | $8,525 |
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $222,858
- Estimated Expense Ratio: 0.365% 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 | $222,858 | $120,313 | — | — | — |
| 2023 | $195,484 | $112,511 | — | — | — |
| 2022 | $207,476 | $127,049 | $80,427 | — | — |