Plan Snapshot
- Plan Sponsor: Palm Beach Day Academy
- Sponsor EIN: 590873834
- Sponsor Address: 241 SEAVIEW AVENUE, PALM BEACH, FL, 334804291
- Plan Type: 403(b)
- Plan Number: 002
- Total Participants: 216
- Total Assets: $36.2M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 216 | $36.2M | $903,502 | $714,129 |
| 2023 | 212 | $32.5M | $843,437 | $626,171 |
| 2022 | 200 | $28.4M | $744,575 | $549,602 |
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 |
|---|---|---|---|---|
| M. EMPLOYEE BENEFITS, INC. | Recordkeeper | $28,485 | — | $28,485 |
| TEMPLETON & COMPANY | Auditor | $15,000 | — | $15,000 |
| TIAA TEACHERS INS & ANNUITY ASSOC | Recordkeeper | $12,964 | — | $12,964 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- M. EMPLOYEE BENEFITS, INC. — Recordkeeper
- TEMPLETON & COMPANY — Auditor
- TIAA TEACHERS INS & ANNUITY ASSOC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,449
- Estimated Expense Ratio: 0.156% 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 | $57,131 | — | $56,276 | — | — |
| 2023 | $49,886 | — | $48,122 | $1,764 | — |
| 2022 | $33,314 | — | $33,694 | — | — |