Plan Snapshot
- Plan Sponsor: Seacoast National Bank
- Sponsor EIN: 590193820
- Sponsor Address: 815 COLORADO AVENUE, STUART, FL, 34994
- Plan Type: 401(k)
- Total Participants: 1,502
- Total Assets: $133.7M
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 | 1,502 | $133.7M | $5.5M | $11.1M |
| 2023 | 1,531 | $118.2M | $4.9M | $11.4M |
| 2022 | 1,433 | $87.9M | $3.5M | $8.1M |
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 |
|---|---|---|---|---|
| CROWE LLP | Auditor | $61,950 | — | $61,950 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,950
- Estimated Expense Ratio: 0.046% 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 | $256,436 | $25,000 | — | $61,950 | — |
| 2023 | $193,672 | $12,500 | — | $57,000 | — |
| 2022 | $263,884 | $28,000 | — | — | $235,884 |