Plan Snapshot
- Plan Sponsor: Patronus Systems INC.
- Sponsor EIN: 010950302
- Sponsor Address: 3000 N WICKHAM ROAD, MELBOURNE, FL, 32935
- Plan Type: DC
- Total Participants: 234
- Total Assets: $4.4M
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 | 234 | $4.4M | $1.4M | $0 |
| 2023 | 217 | $3.2M | $982,429 | $0 |
| 2022 | 161 | $2.4M | $932,497 | $0 |
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 | $46,766 | — | $46,766 |
| BOON ADMINISTRATIVE SERVICES INC | SERVICE PROVIDER | $19,498 | — | $19,498 |
| BOON INVESTMENT GROUP, INC | SERVICE PROVIDER | — | $7,002 | $7,002 |
| BAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,266
- Estimated Expense Ratio: 1.663% 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 | $66,678 | $19,752 | $46,076 | — | — |
| 2023 | $31,812 | $13,771 | $17,041 | — | — |
| 2022 | $18,438 | — | — | — | — |