Plan Snapshot
- Plan Sponsor: The Buccaneer, INC.
- Sponsor EIN: 670250316
- Sponsor Address: 5007 SHOY, CHRISTIANSTED, VI, 00820
- Plan Type: 401(k)
- Total Participants: 131
- Total Assets: $5.5M
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 | 131 | $5.5M | $118,371 | $243,805 |
| 2023 | 148 | $5.1M | $123,038 | $273,441 |
| 2022 | 145 | $5.7M | $132,345 | $272,004 |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $10,079 | — | $10,079 |
| BERT SMITH & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BERT SMITH & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,079
- Estimated Expense Ratio: 0.182% 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 | $10,079 | — | $10,079 | — | — |
| 2023 | $12,100 | — | $12,100 | — | — |
| 2022 | $9,604 | — | $9,604 | — | — |