Plan Snapshot
- Plan Sponsor: The Moorings, Incorporated
- Sponsor EIN: 591834357
- Sponsor Address: 134 MOORINGS PARK DRIVE, NAPLES, FL, 34105
- Plan Type: 403(b)
- Total Participants: 853
- Total Assets: $45.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 853 | $45.4M | $1.4M | $2.5M |
| 2023 | 871 | $39.3M | $1.2M | $2.3M |
| 2022 | 764 | $33.0M | $1.2M | $2.1M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $60,164 | — | $60,164 |
| RAYMOND JAMES FINANCIAL | ADVISOR | $32,817 | — | $32,817 |
| CLIFTONLARSONALLEN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES FINANCIAL — ADVISOR
- CLIFTONLARSONALLEN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,981
- Estimated Expense Ratio: 0.205% 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 | $92,982 | $32,817 | — | — | — |
| 2023 | $90,628 | $29,049 | — | — | — |
| 2022 | $90,925 | $34,587 | — | — | $56,338 |