Plan Snapshot
- Plan Sponsor: Tower Hill Insurance Group, LLC
- Sponsor EIN: 270867974
- Sponsor Address: 7201 NW 11TH PLACE, GAINESVILLE, FL, 32605
- Plan Type: 401(k)
- Total Participants: 626
- Total Assets: $73.9M
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 | 626 | $73.9M | $2.0M | $4.8M |
| 2023 | 552 | $61.1M | $1.8M | $4.2M |
| 2022 | 520 | $48.3M | $1.5M | $3.6M |
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 |
|---|---|---|---|---|
| WELLS FARGO CLEARING SERVICES LLC | ADVISOR | $96,078 | — | $96,078 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $62,377 | — | $62,377 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $15,742 | — | $15,742 |
| WITHUMSMITH BROWN PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- WITHUMSMITH BROWN PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $174,197
- Estimated Expense Ratio: 0.236% 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 | $174,197 | $111,820 | $300 | — | — |
| 2023 | $146,561 | $93,888 | — | — | — |
| 2022 | $137,517 | $5,224 | — | — | — |