Plan Snapshot
- Plan Sponsor: Professional Bank
- Sponsor EIN: 262155465
- Sponsor Address: 396 ALHAMBRA CIRCLE, CORAL GABLES, FL, 33134
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $1,255
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 0 | $1,255 | $0 | $0 |
| 2023 | 222 | $18,133 | $60,262 | $123,734 |
| 2022 | 187 | $10.0M | $731,075 | $1.4M |
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 |
|---|---|---|---|---|
| KAUFMAN ROSSIN AND CO. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KAUFMAN ROSSIN AND CO. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $17,640 | — | $17,640 | — | — |
| 2023 | $31,472 | $1,533 | — | — | — |
| 2022 | $54,904 | $1,997 | — | — | — |