Plan Snapshot
- Plan Sponsor: Watson Clinic LLP
- Sponsor EIN: 590704934
- Sponsor Address: 1430 LAKELAND HILLS BLVD, 4TH FLOOR, LAKELAND, FL, 338053202
- Plan Type: 401(k)
- Total Participants: 2,092
- Total Assets: $327.8M
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 | 2,092 | $327.8M | $5.6M | $10.5M |
| 2023 | 2,178 | $282.5M | $5.2M | $10.7M |
| 2022 | 1,925 | $242.1M | $5.2M | $10.0M |
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 |
|---|---|---|---|---|
| ONEAMERICA RETIREMENT SERVICES | Recordkeeper | $293,445 | — | $293,445 |
| JAMES M LUFFMAN | Investment Advisor | $133,425 | — | $133,425 |
| AGW CAPITAL ADVISORS | Investment Advisor | $76,470 | — | $76,470 |
| FRED LOPEZ/ALLEN & CO OF FLORIDA | Investment Advisor | $34,443 | — | $34,443 |
| LINDSEY SHANNON | Investment Advisor | $28,660 | — | $28,660 |
| WILLIAM MERRIAM | Investment Advisor | $21,064 | — | $21,064 |
| ISAAC HARTMANN | Investment Advisor | $17,595 | — | $17,595 |
| CHARLES SCHWAB | Investment Advisor | $16,866 | — | $16,866 |
| STERLING J SEARCY, JR | Investment Advisor | $12,840 | — | $12,840 |
| TD AMERITRADE | Investment Advisor | $7,584 | — | $7,584 |
| JEFFREY LARSON | Investment Advisor | $7,002 | — | $7,002 |
| MONEY PROFESSIONALS | Investment Advisor | $5,994 | — | $5,994 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TD AMERITRADE — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $655,388
- Estimated Expense Ratio: 0.200% 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 | $662,626 | $222,632 | $293,445 | — | — |
| 2023 | $568,647 | $184,866 | $261,208 | — | — |
| 2022 | $620,863 | $169,591 | $325,696 | — | — |