Plan Snapshot
- Plan Sponsor: Island Palm Communities, LLC
- Sponsor EIN: 201108750
- Sponsor Address: 3703 MCMAHON ROAD, SCHOFIELD BARRACKS, HI, 96857
- Plan Type: 401(k)
- Total Participants: 407
- Total Assets: $24.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 407 | $24.9M | $762,071 | $1.5M |
| 2023 | 393 | $21.5M | $591,937 | $1.2M |
| 2022 | 382 | $18.6M | $598,406 | $1.3M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $36,924 | — | $36,924 |
| ADP, INC. | Recordkeeper | $15,463 | — | $15,463 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,387
- Estimated Expense Ratio: 0.210% 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 | $56,657 | $40,268 | — | — | — |
| 2023 | $111,058 | $46,338 | — | — | — |
| 2022 | $119,411 | $44,996 | — | — | — |