Plan Snapshot
- Plan Sponsor: We Florida Financial
- Sponsor EIN: 590709646
- Sponsor Address: 9560 PINES BOULEVARD, PEMBROKE PINES, FL, 33024
- Plan Type: 401(k)
- Total Participants: 121
- Total Assets: $14.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 121 | $14.1M | $524,744 | $597,226 |
| 2023 | 139 | $12.9M | $585,157 | $674,226 |
| 2022 | 142 | $12.7M | $378,448 | $418,702 |
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 |
|---|---|---|---|---|
| KSDT & CO., LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $53,193 | $45,111 | — | — | — |
| 2023 | $36,594 | $31,118 | — | — | — |
| 2022 | $3,053 | — | $3,053 | — | — |