# Watsco, INC. 401(k) Plan
Source: https://planprovider.pro/companies/watsco-inc-401k-plan

> Watsco, INC.'s 401(k) plan: 6,285 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Watsco, INC.

- **Sponsor EIN:** 590778222

- **Sponsor Address:** 2665 S. BAYSHORE DRIVE,, MIAMI, FL, 33133

- **Plan Type:** 401(k)

- **Total Participants:** 6,285

- **Total Assets:** $562.1M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **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|6,285|$562.1M|$10.0M|$36.7M|

| 2023|6,527|$493.2M|$9.9M|$35.5M|

| 2022|6,323|$372.7M|$9.5M|$33.6M|

## 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|

| T ROWE PRICE RPS INC|NONE|$131,482|—|$131,482|

| TEMPLETON & COMPANY, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [TEMPLETON & COMPANY, LLP](https://planprovider.pro/provider/templeton-and-company-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $131,482

- **Estimated Expense Ratio:** 0.023% 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|—|—|—|—|—|

| 2023|—|—|—|—|—|

| 2022|$82,463|—|—|—|$24,888|

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- [Ware Group, LLC](https://planprovider.pro/companies/ware-group-llc-401k-plan) — 523 participants

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