Plan Snapshot
- Plan Sponsor: Sba Communications Corporation
- Sponsor EIN: 650911445
- Sponsor Address: 8051 CONGRESS AVENUE, BOCA RATON, FL, 33487
- Plan Type: 401(k)
- Total Participants: 1,058
- Total Assets: $145.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,058 | $145.2M | $3.0M | $9.3M |
| 2023 | 1,119 | $126.0M | $3.3M | $9.4M |
| 2022 | 1,162 | $100.5M | $3.2M | $8.8M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $205,522 | — | $205,522 |
| CAPFINANCIAL PARTNERS, L | INVESTMENT ADVISORY | $82,813 | — | $82,813 |
| COHN REZNIK LLP | ACCOUNTANT | $33,075 | — | $33,075 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $321,410
- Estimated Expense Ratio: 0.221% 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 | $321,411 | $82,813 | $205,523 | — | — |
| 2023 | $322,706 | $81,366 | $209,840 | $31,500 | — |
| 2022 | $272,419 | $33,679 | $209,347 | — | $29,393 |