Plan Snapshot
- Plan Sponsor: Southern Hvac Corporation
- Sponsor EIN: 812606496
- Sponsor Address: 1060 MAITLAND CTR COMMONS STE 250, MAITLAND, FL, 32751
- Plan Type: 401(k)
- Total Participants: 949
- Total Assets: $14.9M
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 | 949 | $14.9M | $1.2M | $2.1M |
| 2023 | 769 | $11.2M | $1.0M | $1.8M |
| 2022 | 529 | $5.6M | $464,768 | $846,910 |
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 | $67,702 | — | $67,702 |
| KESTRA ADVISORY SERVICES, LLC | INVESTMENT ADVISORY | $32,948 | — | $32,948 |
| FLORIDA RETIREMENT CONS | CONTRACT ADMINISTRATOR | $10,835 | — | $10,835 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA ADVISORY SERVICES, LLC — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $111,485
- Estimated Expense Ratio: 0.746% 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 | $111,498 | $32,960 | $78,538 | — | — |
| 2023 | $98,546 | $24,756 | $73,790 | — | — |
| 2022 | $46,142 | $7,719 | $38,423 | — | — |