Plan Snapshot
- Plan Sponsor: Service Minds, LLC
- Sponsor EIN: 874736304
- Sponsor Address: 624 67TH STREET CIRCLE EAST, BRADENTON, FL, 34208
- Plan Type: 401(k)
- Total Participants: 570
- Total Assets: $5.6M
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 | 570 | $5.6M | $905,637 | $1.6M |
| 2023 | 597 | $3.8M | $768,839 | $1.3M |
| 2022 | 515 | $1.2M | $156,525 | $596,791 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $52,838 | — | $52,838 |
| MMA SECURITIES, LLC | INVESTMENT/FINANCIAL ADVI | $22,731 | — | $22,731 |
| PENTEGRA SERVICE, INC. | RECORDKEEPER | $6,450 | — | $6,450 |
| MEIHAUS CPA PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- MMA SECURITIES, LLC — INVESTMENT/FINANCIAL ADVI
- MEIHAUS CPA PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,019
- Estimated Expense Ratio: 1.473% 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 | $82,019 | $29,181 | — | — | — |
| 2023 | $48,452 | — | — | — | — |
| 2022 | $4,305 | — | — | — | — |