Plan Snapshot
- Plan Sponsor: Palm Garden Healthcare Holdings, LLC
- Sponsor EIN: 320413510
- Sponsor Address: 2033 MAIN STREET, SUITE 300, SARASOTA, FL, 34237
- Plan Type: DC
- Total Participants: 2,318
- Total Assets: $16.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 2,318 | $16.4M | $0 | $1.6M |
| 2023 | 1,960 | $15.1M | $0 | $1.6M |
| 2022 | 2,279 | $12.4M | $0 | $1.6M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $120,517 | $16 | $120,533 |
| WORLD INVESTMENT ADVISORS, LLC | SERVICE PROVIDER | — | $50,000 | $50,000 |
| WALTERS & ASSOCIATES, CPAS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $170,533
- Estimated Expense Ratio: 1.042% 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 | $120,517 | — | $118,867 | — | — |
| 2023 | $105,576 | — | $103,626 | — | — |
| 2022 | $101,065 | — | — | — | — |