Plan Snapshot
- Plan Sponsor: Sihle Insurance Group, INC.
- Sponsor EIN: 591619274
- Sponsor Address: 1021 DOUGLAS AVENUE, ALTAMONTE SPRINGS, FL, 32714
- Plan Type: 401(k)
- Total Participants: 111
- Total Assets: $5.9M
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 | 111 | $5.9M | $138,093 | $427,694 |
| 2023 | 110 | $5.0M | $110,336 | $382,207 |
| 2022 | 100 | $4.0M | $114,294 | $317,046 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $10,927 | — | $10,927 |
| BISON WEALTH LLC | INVESTMENT ADVISOR | $8,689 | — | $8,689 |
| H&CO,LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,616
- Estimated Expense Ratio: 0.335% 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 | $21,688 | $12,836 | — | — | — |
| 2023 | $19,251 | $12,738 | — | — | — |
| 2022 | $36,171 | $25,673 | $10,498 | — | — |