Plan Snapshot
- Plan Sponsor: Laborde Marine Management, L.L.C.
- Sponsor EIN: 270965318
- Sponsor Address: 601 POYDRAS ST., NEW ORLEANS, LA, 70130
- Plan Type: 401(k)
- Total Participants: 216
- Total Assets: $14.9M
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 | 216 | $14.9M | $504,086 | $1.7M |
| 2023 | 225 | $11.2M | $363,617 | $1.5M |
| 2022 | 196 | $8.3M | $281,609 | $1.1M |
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 |
|---|---|---|---|---|
| ERICKSEN KRENTEL LLP | 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 | $46,510 | $23,643 | — | — | — |
| 2023 | $37,573 | $17,588 | — | — | — |
| 2022 | $27,131 | — | — | — | — |