Plan Snapshot
- Plan Sponsor: The Collection, LLC
- Sponsor EIN: 651035297
- Sponsor Address: 200 BIRD RD, CORAL GABLES, FL, 331461403
- Plan Type: 401(k)
- Total Participants: 496
- Total Assets: $27.9M
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. |
|---|---|---|---|---|
| 2024 | 496 | $27.9M | $367,582 | $2.0M |
| 2023 | 403 | $24.9M | $317,546 | $1.7M |
| 2022 | 396 | $22.0M | $247,951 | $1.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $20,986 | — | $20,986 |
| WORLD INSURANCE ASSOCIATES LLC | OTHER SERVICES | — | $18,923 | $18,923 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,909
- Estimated Expense Ratio: 0.143% 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 | $20,987 | — | $20,987 | — | — |
| 2023 | $13,264 | — | $13,264 | — | — |
| 2022 | $11,063 | — | $11,063 | — | — |