Plan Snapshot
- Plan Sponsor: Sandestin Beach Hotel, Ltd
- Sponsor EIN: 593398821
- Sponsor Address: 4000 SANDESTIN BLVD. S., MIRAMAR BEACH, FL, 32550
- Plan Type: 401(k)
- Total Participants: 597
- Total Assets: $13.4M
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 | 597 | $13.4M | $423,570 | $845,805 |
| 2023 | 413 | $12.1M | $557,511 | $874,122 |
| 2022 | 390 | $9.7M | $245,884 | $814,768 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $34,660 | — | $34,660 |
| LPL FINANCIAL LLC | ADVISOR | $29,760 | — | $29,760 |
| FORVIS MAZARS, LLP | ACCOUNTANT/AUDITOR | $11,550 | — | $11,550 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- LPL FINANCIAL LLC — ADVISOR
- FORVIS MAZARS, LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,970
- Estimated Expense Ratio: 0.569% 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 | $75,970 | $29,760 | — | $11,550 | — |
| 2023 | $61,532 | $25,291 | — | $6,550 | — |
| 2022 | $59,074 | — | — | — | — |