Plan Snapshot
- Plan Sponsor: Shaw Development, LLC
- Sponsor EIN: 112062656
- Sponsor Address: 25190 BERNWOOD DRIVE, BONITA SPRINGS, FL, 34135
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 262
- Total Assets: $18.5M
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. |
|---|---|---|---|---|
| 2025 | 262 | $18.5M | $0 | $0 |
| 2024 | 221 | $19.0M | $667,287 | $1.3M |
| 2023 | 289 | $16.9M | $625,314 | $1.2M |
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 | Recordkeeper | $76,183 | — | $76,183 |
| KESTRA ADVISORY SERVICES, LLC | Investment Advisor | — | $37,623 | $37,623 |
| PROGRESSIVE PENSION ADMINISTRATORS | Recordkeeper | $1,380 | $6,786 | $8,166 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $121,972
- Estimated Expense Ratio: 0.658% 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 |
|---|---|---|---|---|---|
| 2025 | $4,556,822 | — | $77,563 | — | — |
| 2024 | $88,681 | — | $88,681 | — | — |
| 2023 | $72,555 | — | $72,555 | — | — |