Plan Snapshot
- Plan Sponsor: We Florida Financial
- Sponsor EIN: 590709646
- Sponsor Address: 9560 PINES BOULEVARD, PEMBROKE PINES, FL, 33024
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 97
- Total Assets: $422,870
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 97 | $422,870 | $0 | $0 |
| 2024 | 93 | $356,061 | $1.1M | $0 |
| 2023 | 111 | $0 | $0 | $0 |
| 2022 | 110 | $233,362 | $827,565 | $0 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP LLC | Investment Advisor | $75,504 | — | $75,504 |
| ONEDIGITAL (MIAMI, FL) | Investment Advisor | $37,905 | — | $37,905 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $15,236 | — | $15,236 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $128,645
- Estimated Expense Ratio: 30.422% 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 |
|---|---|---|---|---|---|
| 2025 | $1,365,235 | — | — | — | — |
| 2024 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |