Plan Snapshot
- Plan Sponsor: Sovereign Healthcare Holdings, LLC
- Sponsor EIN: 200101170
- Sponsor Address: 101 SUNNYTOWN RD, CASSELBERRY, FL, 32707
- Plan Type: 401(k)
- Total Participants: 4,456
- Total Assets: $31.2M
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 | 4,456 | $31.2M | $0 | $2.7M |
| 2023 | 4,062 | $28.3M | $0 | $2.5M |
| 2022 | 3,796 | $23.5M | $0 | $2.5M |
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 |
|---|---|---|---|---|
| AMERITAS LIFE INSURANCE CORP | NONE | $92,234 | — | $92,234 |
| BKS FINANCIAL INVESTMENTS LLC | NONE | $30,000 | — | $30,000 |
| CHARLES SCHWAB BANK | NONE | $12,312 | — | $12,312 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERITAS LIFE INSURANCE CORP — NONE
- CHARLES SCHWAB BANK — NONE
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,546
- Estimated Expense Ratio: 0.431% 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 | $134,545 | $30,000 | $92,233 | — | — |
| 2023 | $138,869 | $30,000 | $80,222 | — | — |
| 2022 | $151,488 | — | — | — | $151,488 |