Plan Snapshot
- Plan Sponsor: Orlando Magic, Ltd.
- Sponsor EIN: 593089276
- Sponsor Address: 400 W. CHURCH ST., SUITE 250, ORLANDO, FL, 32801
- Plan Type: 401(k)
- Total Participants: 333
- Total Assets: $39.0M
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 | 333 | $39.0M | $911,145 | $2.4M |
| 2023 | 308 | $32.2M | $728,610 | $1.9M |
| 2022 | 258 | $25.9M | $675,346 | $1.7M |
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 |
|---|---|---|---|---|
| AMERIPRISE FINANCIAL SERVICES LLC | INVESTMENT ADVISOR | $45,150 | — | $45,150 |
| AMERIPRISE FINANCIAL INC DBA COLUMB | INVESTMENT ADVISOR | $25,245 | — | $25,245 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $23,634 | — | $23,634 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $16,513 | — | $16,513 |
| DAVIS GROUP PA | AUDITOR | $11,600 | — | $11,600 |
| THE DAVIS GROUP | Auditor | $11,600 | — | $11,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $133,742
- Estimated Expense Ratio: 0.343% 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 | $113,982 | $86,908 | — | $11,600 | — |
| 2023 | $88,430 | $68,519 | — | $11,000 | — |
| 2022 | $80,630 | $62,266 | $9,064 | — | $9,300 |