Plan Snapshot
- Plan Sponsor: Seiu Florida Healthcare Legal Services Benefits Fund
- Sponsor EIN: 861154458
- Sponsor Address: 2881 CORPORATE WAY STE 201, MIRAMAR, FL, 330253973
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 516
- Total Assets: $962,453
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 516 | $962,453 | $44,203 | $0 |
| 2023 | 463 | $940,129 | $45,278 | $0 |
| 2022 | 428 | $948,780 | $39,919 | $0 |
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 |
|---|---|---|---|---|
| U.S. LEGAL SERVICES, INC. | Other Service Provider | $32,581 | — | $32,581 |
| BELLOWS ASSOCIATES P.A. | Other Service Provider | $16,769 | — | $16,769 |
| PHILLIPS, RICHARD & RIND, P.A. | Other Service Provider | $13,250 | — | $13,250 |
| CAPFINANCIAL PARTNERS | Other Service Provider | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,600
- Estimated Expense Ratio: 7.024% 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 | $45,716 | $5,000 | — | $8,000 | — |
| 2023 | $49,646 | $5,000 | — | $6,000 | — |
| 2022 | $51,949 | — | — | — | $45,483 |