Plan Snapshot
- Plan Sponsor: Norcom Realty Corp.
- Sponsor EIN: 113318787
- Sponsor Address: 11540 U.S. HIGHWAY 92 EAST, SEFFNER, FL, 33584
- Plan Type: 401(k)
- Total Participants: 524
- Total Assets: $6.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 524 | $6.9M | $137,233 | $698,391 |
| 2023 | 549 | $6.5M | $131,137 | $659,162 |
| 2022 | 523 | $7.5M | $119,951 | $618,583 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $7,437 | $8,464 | $15,901 |
| ACCELL CPA & ASSOCIATES, P.A. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,901
- Estimated Expense Ratio: 0.230% 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 | $7,143 | — | — | — | — |
| 2023 | $7,683 | — | — | — | — |
| 2022 | $10,212 | — | — | — | — |