Plan Snapshot
- Plan Sponsor: Nationwide Appraisal Network, LLC
- Sponsor EIN: 263290509
- Sponsor Address: 3180 CURLEW RD, STE. 107, OLDSMAR, FL, 34677
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 145
- Total Assets: $5.0M
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. |
|---|---|---|---|---|
| 2025 | 145 | $5.0M | $0 | $0 |
| 2024 | 81 | $3.8M | $190,792 | $406,174 |
| 2023 | 74 | $2.7M | $165,491 | $309,553 |
| 2022 | 39 | $415,204 | $140,486 | $270,815 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | Recordkeeper | $36,613 | — | $36,613 |
| POWER FINANCIAL PARTNERS | Investment Advisor | $17,108 | — | $17,108 |
| ADMIN. GROUP, LLC DBA TAG RESOURCES | Recordkeeper | $16,438 | — | $16,438 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,159
- Estimated Expense Ratio: 1.408% 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 |
|---|---|---|---|---|---|
| 2025 | $154,997 | $19,457 | $16,438 | — | — |
| 2024 | $129,538 | — | — | — | — |
| 2023 | $73,022 | — | — | — | — |
| 2022 | $13,898 | — | — | — | — |