Plan Snapshot
- Plan Sponsor: The Briar Team, LLC
- Sponsor EIN: 263985471
- Sponsor Address: 4570 ORANGE BLVD, SANFORD, FL, 32771
- Plan Type: 401(k)
- Total Participants: 230
- Total Assets: $8.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2024 | 230 | $8.0M | $421,239 | $714,776 |
| 2023 | 209 | $7.6M | $439,665 | $650,243 |
| 2022 | 231 | $8.2M | $969,029 | $670,367 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES | INVESTMENT ADVISOR | $19,753 | — | $19,753 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $16,728 | — | $16,728 |
| BKHM, P.A. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BKHM, P.A. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,481
- Estimated Expense Ratio: 0.453% 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 | $36,958 | $20,230 | — | — | — |
| 2023 | $41,506 | $2,985 | — | — | — |
| 2022 | $44,591 | — | $44,591 | — | — |