Plan Snapshot
- Plan Sponsor: Plansource Financial Services, INC.
- Sponsor EIN: 593707284
- Sponsor Address: 101 SOUTH GARLAND AVE., ORLANDO, FL, 32801
- Plan Type: 401(k)
- Total Participants: 1,933
- Total Assets: $80.7M
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 | 1,933 | $80.7M | $2.2M | $7.0M |
| 2023 | 3,639 | $70.9M | $2.4M | $7.5M |
| 2022 | 4,178 | $65.9M | $3.1M | $8.7M |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INS CO | RECORDKEEPER | $323,473 | — | $323,473 |
| PLANSOURCE FINANCIAL SERVICES INC | PLAN SPONSOR | $85,863 | — | $85,863 |
| MERRILL LYNCH LIFE AGENCY, INC. | INVESTMENT ADVISORY-PLAN | $75,895 | — | $75,895 |
| REHMANN ROBSON LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INS CO — RECORDKEEPER
- MERRILL LYNCH LIFE AGENCY, INC. — INVESTMENT ADVISORY-PLAN
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $485,231
- Estimated Expense Ratio: 0.601% 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 | $485,230 | $161,757 | — | — | — |
| 2023 | $521,779 | $243,044 | — | — | — |
| 2022 | $583,380 | $311,392 | — | — | — |