Plan Snapshot
- Plan Sponsor: 1st Lake Properties, INC.
- Sponsor EIN: 721142677
- Sponsor Address: 3925 N. I-10 SERVICE RD., NEW ORLEANS, LA, 70002
- Plan Type: 401(k)
- Total Participants: 259
- Total Assets: $14.7M
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 | 259 | $14.7M | $289,427 | $838,780 |
| 2023 | 229 | $12.3M | $261,401 | $708,883 |
| 2022 | 235 | $10.7M | $258,976 | $666,440 |
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 |
|---|---|---|---|---|
| BANK OF AMERICA NA | Investment Advisor | $24,698 | — | $24,698 |
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $23,694 | — | $23,694 |
| THE HASLAUER GROUP INC | Recordkeeper | $11,133 | $80 | $11,213 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,605
- Estimated Expense Ratio: 0.404% 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 | $59,656 | — | $59,656 | — | — |
| 2023 | $52,407 | — | $52,407 | — | — |
| 2022 | $51,587 | — | $51,587 | — | — |