Plan Snapshot
- Plan Sponsor: Telefonica Global Solutions Usa, INC.
- Sponsor EIN: 522215332
- Sponsor Address: 800 WATERFORD WAY SUITE 300, MIAMI, FL, 33126
- Plan Type: 401(k)
- Total Participants: 97
- Total Assets: $33.4M
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 | 97 | $33.4M | $763,292 | $1.1M |
| 2023 | 125 | $33.6M | $757,831 | $1.2M |
| 2022 | 142 | $30.0M | $1.0M | $1.8M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY GLOBAL BA | INVESTMENT ADVISORY | $67,635 | — | $67,635 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $41,008 | — | $41,008 |
| BERKOWITZ POLLACK BRANT | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL BA — INVESTMENT ADVISORY
- BERKOWITZ POLLACK BRANT — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,643
- Estimated Expense Ratio: 0.325% 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 | $108,643 | $67,635 | $41,008 | — | — |
| 2023 | $99,587 | $60,612 | $38,975 | — | — |
| 2022 | $139,057 | $76,668 | $62,389 | — | — |