Plan Snapshot
- Plan Sponsor: Ortho Benefits Corp
- Sponsor EIN: 471797746
- Sponsor Address: 300 AVENUE OF THE CHAMPIONS, PALM BEACH GARDENS, FL, 33418
- Plan Type: 401(k)
- Total Participants: 202
- Total Assets: $29.5M
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. |
|---|---|---|---|---|
| 2024 | 202 | $29.5M | $621,343 | $959,527 |
| 2023 | 232 | $29.5M | $953,412 | $1.2M |
| 2022 | 293 | $37.3M | $1.6M | $1.3M |
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 |
|---|---|---|---|---|
| ADVUS FINANCIAL PARTNERS, LLC | Investment Advisor | $53,173 | — | $53,173 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $38,769 | — | $38,769 |
| EJREYNOLDS, INC. | Recordkeeper | $23,430 | — | $23,430 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $11,691 | — | $11,691 |
| GWN SECURITIES, INC | Investment Advisor | — | $9,743 | $9,743 |
| ORTHO BENEFITS CORP. | Custodian / Trustee | $8,013 | — | $8,013 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $144,819
- Estimated Expense Ratio: 0.492% 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 | $131,666 | — | $131,666 | — | — |
| 2023 | $155,364 | — | $155,364 | — | — |
| 2022 | $170,222 | — | $170,222 | — | — |