Plan Snapshot
- Plan Sponsor: Suncoast Beverage Sales, LLC
- Sponsor EIN: 650191376
- Sponsor Address: 4480 DR. MARTIN LUTHER KING, FORT MYERS, FL, 33905
- Plan Type: 401(k)
- Total Participants: 349
- Total Assets: $14.4M
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 | 349 | $14.4M | $366,658 | $940,791 |
| 2023 | 344 | $12.8M | $338,605 | $890,157 |
| 2022 | 315 | $10.8M | $323,994 | $849,008 |
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 INS. CO. OF AMERICA | RECORDKEEPER | $38,366 | — | $38,366 |
| EVERHART FINANCIAL GROUP INC | INVESTMENT ADVISOR | $33,232 | — | $33,232 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $15,113 | — | $15,113 |
| PROGRESSIVE PENSION ADMIN., INC. | CONTRACT ADMIN | — | $10,000 | $10,000 |
| BENNETT THRASHER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENNETT THRASHER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,711
- Estimated Expense Ratio: 0.670% 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 | $78,742 | — | $78,742 | — | — |
| 2023 | $66,886 | — | $66,886 | — | — |
| 2022 | $68,732 | — | $68,732 | — | — |