Plan Snapshot
- Plan Sponsor: Tax Defense Network, LLC
- Sponsor EIN: 141906885
- Sponsor Address: 7159 CORKLAN DRIVE STE 150, JACKSONVILLE, FL, 32258
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 235
- Total Assets: $9.4M
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. |
|---|---|---|---|---|
| 2025 | 235 | $9.4M | $0 | $0 |
| 2024 | 194 | $7.4M | $474,680 | $787,965 |
| 2023 | 203 | $6.0M | $414,241 | $719,429 |
| 2022 | 232 | $4.7M | $474,214 | $805,872 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Recordkeeper | $70,361 | — | $70,361 |
| SAGEVIEW ADVISORY GROUP, LLC | Other Service Provider | — | $27,867 | $27,867 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,228
- Estimated Expense Ratio: 1.040% 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 |
|---|---|---|---|---|---|
| 2025 | $853,398 | — | $67,511 | — | — |
| 2024 | $57,882 | — | $55,232 | — | — |
| 2023 | $42,113 | — | $39,513 | — | — |
| 2022 | $46,768 | — | — | — | — |