Plan Snapshot
- Plan Sponsor: Harber-Laman, LLC
- Sponsor EIN: 621680379
- Sponsor Address: 16 SOUTH BELLS STREET, SUITE 3, ALAMO, TN, 38001
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 398
- Total Assets: $4.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 398 | $4.4M | $0 | $0 |
| 2024 | 306 | $4.3M | $77,636 | $240,826 |
| 2023 | 295 | $4.0M | $73,559 | $219,476 |
| 2022 | 287 | $3.8M | $81,045 | $235,509 |
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 |
|---|---|---|---|---|
| KESTRA INVESTMENT SERVICES, LLC | Investment Advisor | — | $31,793 | $31,793 |
| PROACCOUNT | Investment Advisor | $24,885 | — | $24,885 |
| NATIONWIDE | Recordkeeper | $24,583 | — | $24,583 |
| NATIONAL BENEFIT SERVICES, LLC | Recordkeeper | $7,787 | $6,785 | $14,572 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,833
- Estimated Expense Ratio: 2.194% 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 |
|---|---|---|---|---|---|
| 2025 | $782,743 | — | $40,811 | — | — |
| 2024 | $40,245 | — | $40,245 | — | — |
| 2023 | $33,532 | — | — | — | — |
| 2022 | $38,234 | — | — | — | $38,234 |