Plan Snapshot
- Plan Sponsor: Spottswood Companies, INC.
- Sponsor EIN: 650866227
- Sponsor Address: 506 FLEMING ST, KEY WEST, FL, 33040
- Plan Type: 401(k)
- Total Participants: 82
- Total Assets: $8.6M
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 | 82 | $8.6M | $199,134 | $495,399 |
| 2023 | 244 | $7.2M | $206,851 | $495,950 |
| 2022 | 204 | $5.6M | $198,018 | $404,515 |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $582,646 | — | $2,736 | — | — |
| 2023 | $195,361 | — | $2,367 | — | — |
| 2022 | $2,374 | $2,299 | — | — | — |