Plan Snapshot
- Plan Sponsor: Nhp Innovations, LLC
- Sponsor EIN: 833096874
- Sponsor Address: 125 SW 3RD PLACE, CAPE CORAL, FL, 33991
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $6.2M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 138 | $6.2M | $324,571 | $649,564 |
| 2023 | 130 | $6.2M | $302,552 | $607,115 |
| 2022 | 140 | $5.6M | $259,065 | $576,980 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Recordkeeper | $15,333 | — | $15,333 |
| ROTHSCHILD INVESTMENT CORPORATION | Investment Advisor | $14,244 | — | $14,244 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,577
- Estimated Expense Ratio: 0.477% 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 | $31,409 | $14,244 | $12,733 | — | — |
| 2023 | $38,421 | $16,601 | $17,176 | — | — |
| 2022 | $35,477 | $6,132 | $27,662 | — | $1,683 |