Florida › Management of companies (holding companies) › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Policy Services Company LLC 401(k) Profit Sharing Plan & Trust
Sponsored by Policy Services Company LLC, Coral Springs, FL
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Policy Services Company LLC 401(k) Profit Sharing Plan & Trust is a 401(k) plan sponsored by Policy Services Company LLC of Coral Springs, Florida. For the plan year ending 31 Dec 2024 it reported 339 participants, 330 of them active, and net assets of $5.8M.
Net assets came to $17,177 per participant, well below the $48,746 median for defined contribution plans with 250 to 499 participants and well below the $70,381 median for defined contribution plans in management of companies (holding companies). The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $61K: $180 per participant, well above the same-size median of $141. Administrative expenses charged to the plan were $41K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $2.8M in 2019 to $5.8M in 2024 (up 110%), and participants from 212 to 339 (up 60%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $17,177 | $48,746 | $70,381 | $53,102 |
| Employer contributions per active participant | — | $2,017 | $2,643 | $2,175 |
| Schedule C compensation per participant | $180 | $141 | $98.63 | $123 |
| Schedule C compensation, share of net assets | 1.0% | 0.30% | 0.18% | 0.26% |
| Administrative expenses per participant | $120 | $133 | $97.39 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), management of companies (holding companies) (680) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 339 | $5.8M | $17,177 | — | $962K | $61K |
| 2022 | 237 | $3.4M | $14,519 | $0 | $396K | $24K |
| 2021 | 224 | $3.7M | $16,723 | $0 | $326K | $22K |
| 2020 | 229 | $3.0M | $13,044 | $0 | $292K | $17K |
| 2019 | 212 | $2.8M | $13,099 | $0 | $318K | $16K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$4,417,410
- Employer contributions—
- Participant contributions$962,322
- Rollovers and other contributions$187,348
- Total contributions$1,149,670
- Total income, including investment results$1,705,863
- Benefits paid$259,785
- Administrative expenses$40,570
- Total expenses$300,355
- Net income$1,405,508
- Net transfers$0
- Net assets, end of year$5,822,918
Participants
- Active participants330
- Retired or separated, receiving benefits2
- Retired or separated, entitled to future benefits7
- Participants with account balances295
- Total participants, end of year339
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Life Insurance Company | Contract Administrator; Participant loan processing | $36,509 | $0 |
| MML Investors Services LLC | Investment advisory (plan) | $0 | $18,751 |
| Associated Pension Consultants | Contract Administrator; Other services | $4,061 | $1,600 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$40,570
- Total administrative expenses$40,570
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$3.6M · 61.7%
- Insurance company general account$1.3M · 21.8%
- Pooled separate accounts$649K · 11.1%
- Participant loans$196K · 3.4%
- Receivables$115K · 2.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCitrin Cooperman & Company, LLP
- Participant contributions reported as transmitted lateYes, $233,274
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2JCode section 401(k) feature2FERISA section 404(c) plan2GTotal participant-directed account plan3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 551112: Offices of Other Holding Companies.
Similar plans in Florida
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Origis USA 401(k) Plan | Origis USA, LLC | 366 | $17.2M | $46,888 |
| Brookfield Hospitality Retirement Savings Plan | Brookfield Hospitality Properties, LLC | 314 | $20.1M | $63,954 |
| Insure Homes Parent, LLC 401(k) Plan | Service First Insurance Group, LLC | 369 | $30.2M | $81,762 |
| Integrative Physical Med & Staffing 401(k) | Integrative Physical Med Services & Staffing | 313 | $1.9M | $6,166 |
| Florida Peninsula Holding, LLC 401(k) Plan | Florida Peninsula Holding, LLC | 382 | $25.6M | $66,912 |
| ABC Home Medical Supply, Inc. 401(k) Plan | ABC Home Medical Supply, Inc. | 287 | $6.1M | $21,339 |
Defined contribution plans in management of companies (holding companies) closest in size.
Questions and answers
How big is Policy Services Company LLC 401(k) Profit Sharing Plan & Trust?
339 participants at the end of the plan year ending 31 Dec 2024, of whom 330 were active employees, with net assets of $5,822,918. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Policy Services Company LLC contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $60,921 in compensation to service provider organisations, $180 per participant or 1.0% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $40,570. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Policy Services Company LLC. Recordkeeping or administration: Principal Life Insurance Company and Associated Pension Consultants. Investment advisory or management: MML Investors Services LLC. The financial statements were audited by Citrin Cooperman & Company, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 47-1749958, plan 001, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.