Plan Snapshot
- Plan Sponsor: Norlee Group
- Sponsor EIN: 871233492
- Sponsor Address: 4601 TOUCHTON ROAD, JACKSONVILLE, FL, 32246
- Plan Type: 401(k)
- Total Participants: 410
- Total Assets: $4.6M
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 | 410 | $4.6M | $888,016 | $1.4M |
| 2023 | 240 | $4.5M | $254,827 | $583,604 |
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 |
|---|---|---|---|---|
| PROFESSIONAL CAPITAL SERVICES, LLC | RECORDKEEPER | $42,470 | — | $42,470 |
| EDELMAN FINANCIAL ENGINES | INVESTMENT MANAGER | $35,677 | — | $35,677 |
| WARADY & DAVIS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARADY & DAVIS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,147
- Estimated Expense Ratio: 1.708% 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 | $77,926 | $35,677 | — | — | — |
| 2023 | $18,021 | $10,364 | $1,649 | — | — |