Plan Snapshot
- Plan Sponsor: Royals, INC.
- Sponsor EIN: 590429260
- Sponsor Address: 324 SW 16TH STREET, BELLE GLADE, FL, 33430
- Plan Type: 401(k)
- Total Participants: 148
- Total Assets: $5.2M
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 | 148 | $5.2M | $54,557 | $145,211 |
| 2023 | 153 | $5.7M | $97,390 | $162,180 |
| 2022 | 477 | $6.8M | $105,953 | $179,434 |
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 |
|---|---|---|---|---|
| FRAZIER & DEETER ADVISORY, LLC | Auditor | — | — | $0 |
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 | $45,554 | $36,763 | — | — | — |
| 2023 | $29,565 | $21,504 | — | — | — |
| 2022 | $37,211 | — | $37,211 | — | — |