Plan Snapshot
- Plan Sponsor: Senior Management Advisors, INC.
- Sponsor EIN: 593760379
- Sponsor Address: 13770 58TH STREET N, SUITE 312, CLEARWATER, FL, 33760
- Plan Type: 401(k)
- Total Participants: 699
- Total Assets: $6.7M
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 | 699 | $6.7M | $182,064 | $536,631 |
| 2023 | 477 | $5.8M | $133,108 | $568,742 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $70,874 | — | $70,874 |
| S B H U LIFE AGENCY INC | OTHER SERVICES | — | $20,970 | $20,970 |
| MALONEY + NOVOTNY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- S B H U LIFE AGENCY INC — OTHER SERVICES
- MALONEY + NOVOTNY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,844
- Estimated Expense Ratio: 1.363% 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 | $74,972 | — | $74,972 | — | — |
| 2023 | $46,070 | — | $46,070 | — | — |