Plan Snapshot
- Plan Sponsor: Sarasota 500, LLC
- Sponsor EIN: 200194997
- Sponsor Address: 707 S. WASHINGTON BLVD., SARASOTA, FL, 342367835
- Plan Type: 401(k)
- Total Participants: 187
- Total Assets: $5.7M
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 | 187 | $5.7M | $212,722 | $842,209 |
| 2023 | 169 | $4.1M | $179,749 | $739,363 |
| 2022 | 166 | $2.9M | $147,707 | $579,742 |
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 |
|---|---|---|---|---|
| CARR, RIGGS & INGRAM, 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 | $54,755 | $18,957 | — | — | — |
| 2023 | $38,172 | $12,789 | — | — | — |
| 2022 | $27,555 | — | — | — | — |