Plan Snapshot
- Plan Sponsor: Vertilux Limited
- Sponsor EIN: 650540437
- Sponsor Address: 7753 NW 79TH PL, MEDLEY, FL, 33166
- Plan Type: 401(k)
- Total Participants: 96
- Total Assets: $4.9M
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 | 96 | $4.9M | $124,172 | $331,288 |
| 2023 | 92 | $3.8M | $115,301 | $299,441 |
| 2022 | 104 | $3.2M | $109,100 | $278,315 |
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 |
|---|---|---|---|---|
| FINANCIAL DESIGNS WEALTH MANAGEMENT | Other Service Provider | — | $17,773 | $17,773 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,773
- Estimated Expense Ratio: 0.362% 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 | $7,795 | $4,170 | $3,175 | — | — |
| 2023 | $7,979 | $3,779 | $3,950 | — | — |
| 2022 | $4,455 | — | — | — | — |