Plan Snapshot
- Plan Sponsor: Ascent Residential, L.L.C.
- Sponsor EIN: 812248557
- Sponsor Address: 7020 FAIN PARK DRIVE, MONTGOMERY, AL, 36117
- Plan Type: 401(k)
- Total Participants: 120
- Total Assets: $3.5M
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 | 120 | $3.5M | $168,382 | $248,631 |
| 2023 | 175 | $3.2M | $158,951 | $237,838 |
| 2022 | 93 | $2.6M | $159,416 | $238,390 |
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 |
|---|---|---|---|---|
| HORTON LEE BURNETT | 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 | $33,429 | $11,588 | $1,448 | — | — |
| 2023 | $27,683 | $7,242 | $3,616 | — | — |
| 2022 | $25,732 | $6,641 | $19,091 | — | — |