Plan Snapshot
- Plan Sponsor: Drive Shack INC.
- Sponsor EIN: 810559116
- Sponsor Address: 10670 N. CENTRAL EXPRESSWAY, #700, DALLAS, TX, 75231
- Plan Type: 401(k)
- Total Participants: 398
- Total Assets: $35.1M
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. |
|---|---|---|---|---|
| 2023 | 398 | $35.1M | $892,698 | $1.7M |
| 2022 | 3,097 | $31.8M | $924,597 | $1.9M |
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 VANGUARD GROUP, INC. | NONE | $163,254 | — | $163,254 |
| WHITLEY PENN | NONE | $31,042 | — | $31,042 |
| VANGUARD ADVISERS INC. | NONE | $24,902 | — | $24,902 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- WHITLEY PENN — NONE
- VANGUARD ADVISERS INC. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $219,198
- Estimated Expense Ratio: 0.625% 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 |
|---|---|---|---|---|---|
| 2023 | $108,149 | — | — | — | — |
| 2022 | $89,283 | — | — | — | — |