Plan Snapshot
- Plan Sponsor: Midway Star Salon Services LLC
- Sponsor EIN: 463514855
- Sponsor Address: 1590 NW 27TH AVENUE, POMPANO BEACH, FL, 33069
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $16.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 181 | $16.0M | $123,565 | $654,591 |
| 2023 | 182 | $14.1M | $104,612 | $557,763 |
| 2022 | 165 | $12.9M | $96,702 | $523,165 |
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 |
|---|---|---|---|---|
| A.J. SANTYE & CO., P.A. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $85,636 | $85,636 | — | — | — |
| 2023 | $81,775 | $73,000 | $8,775 | — | — |
| 2022 | $82,640 | $78,598 | $4,042 | — | — |