# Miami Heat Limited Partnership 401(k) Plan
Source: https://planprovider.pro/companies/miami-heat-limited-partnership-401k-plan

> Miami Heat Limited Partnership&#39;s 401(k) plan: 507 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/john-hancock) — RECORDKEEPER

- [BDO USA, P.C.](https://planprovider.pro/provider/bdo-usa-pc) — 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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/miami-heat-limited-partnership-401k-plan)

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