Plan Snapshot
- Plan Sponsor: Worksite, LLC
- Sponsor EIN: 464089747
- Sponsor Address: 2579 N TOLEDO BLADE BLVD, NORTH PORT, FL, 34289
- Plan Type: 401(k)
- Total Participants: 3,070
- Total Assets: $17.3M
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 | 3,070 | $17.3M | $1.2M | $2.8M |
| 2023 | 2,034 | $10.8M | $827,016 | $2.0M |
| 2022 | 1,265 | $6.3M | $547,950 | $1.4M |
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 |
|---|---|---|---|---|
| AMERITAS LIFE INSURANCE CORP | Recordkeeper | $101,695 | — | $101,695 |
| LIBERTY RUN BENEFITS, LLC | Other Service Provider | $51,548 | — | $51,548 |
| BKS FINANCIAL INVESTMENTS LLC | Other Service Provider | $23,794 | — | $23,794 |
| CHARLES SCHWAB BANK | Recordkeeper | $5,442 | — | $5,442 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERITAS LIFE INSURANCE CORP — Recordkeeper
- CHARLES SCHWAB BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $182,479
- Estimated Expense Ratio: 1.056% 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 | $182,463 | $75,342 | $101,679 | — | — |
| 2023 | $137,561 | $48,125 | $61,735 | — | — |
| 2022 | $88,486 | $33,595 | $54,891 | — | — |