Plan Snapshot
- Plan Sponsor: Pride Air Conditioning & Appliance, INC.
- Sponsor EIN: 591676595
- Sponsor Address: 2150 NW 18TH STREET, POMPANO BEACH, FL, 33069
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 56
- Total Assets: $94,861
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 56 | $94,861 | $462,810 | $165,176 |
| 2023 | 77 | $53,622 | $95,033 | $259 |
| 2022 | 90 | $9,832 | $534,699 | $259 |
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 |
|---|---|---|---|---|
| WELLNET HEALTHCARE ADMINISTRATORS, | Other Service Provider | $83,788 | — | $83,788 |
| THE BENECON GROUP | Investment Advisor | $15,424 | — | $15,424 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $99,212
- Estimated Expense Ratio: 104.587% 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 | $248,658 | — | — | — | — |
| 2023 | $394,394 | — | — | — | — |
| 2022 | $576,796 | — | — | — | — |